GreenAcre Once Again Ahead of the Game –
A Special Session on MMJ Happened Against All Odds
In May of 2017, the Florida Legislature failed to reach an agreement on how to implement the State’s new Medical Marijuana Program, but this past Tuesday night an agreement between the House and Senate would continue this discussion during this week’s special session.
During the regular session, differences in opinion over a few fundamental elements found within the medical marijuana bill precluded the agreement from materializing. According to several sources, including the Miami Herald, those differences seem to have been resolved.
As GreenAcre predicted in early May, the latest bill agreed on 10 new vertically integrated licenses. Out of the 10 new licenses, 5 would be reserved for the second place applicants of the States “Charlotte’s Web” application process, where applicants applied in one of five regions. One license would be available for a group of farmers, which the State of Florida deems a minority group. Additionally, the Department of Health is required to extend preference on up to two licenses to facilities that are, or were in the industry of processing, concentrating, or canning, citrus fruit or citrus molasses.
The bill further expresses that four licenses will be issued for every 100,000 patients who are registered on the States medical marijuana registry. Licensees will be capped at 25 dispensaries per license, and five additional dispensaries for every 100,000 registered patients. Said dispensary cap would sunset in 2020 in the event legislators fail to legislate otherwise.
The bill has no single line of reasoning and is clearly developed on the conglomeration of lobbying efforts supported by the wrong corporate dollars and Politian’s who put their financial endeavors before the needs of Florida patients. This bill is undoubtedly one of the worst pieces of medical marijuana legislations in the world, from an objective perspective.
From the above-mentioned legislative fiasco, one positive element shines through, that being that a few vertically integrated licenses will be available. Now it’s time for those well seasoned canna-entrepreneurs to come into the Florida market and show the current players how the game is played.
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