BERKELEY, CA - MARCH 25:  Samples of medicinal marijuana are displayed at the Berkeley Patients Group March 25, 2010 in Berkeley, California.  California Secretary of State Debra Bowen certified a ballot initiative late Wednesday to legalize the possession and sale of marijuana in the State of California after proponents of the measure submitted over 690,000 signatures. The measure will appear on the November 2 general election ballot.  (Photo by Justin Sullivan/Getty Images)

Florida: MMTC LICENSES ARE STILL AVAILABLE 

 

 

Florida: MMTC licenses are still available

The Department of Health (“DOH”) did not meet the required deadline of October 3rd, 2017, to release the new five Medical Marijuana Licenses. 

This means that potential investors still have a chance to apply or adhere to applicants that are seeking for investment. If you consider you qualify or you have any interest in applying, contact GreenAcre at 1-888-428-3260 or at info@greenacreteam.com.

Please click on the following link, we are sharing with you an article from Dara Kam explaining the current situation in Florida. Florida will miss deadline for handing out medical-marijuana licenses. For more information, do not hesitate to contact us to schedule a consultation with one of our consultants. 

Thank you, 

 

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GreenAcre Once Again Ahead of the Game – A Special Session on MMJ Happened Against All Odds

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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The Legality of the Medical Marijuana Program in Florida

 

BERKELEY, CA - MARCH 25:  Samples of medicinal marijuana are displayed at the Berkeley Patients Group March 25, 2010 in Berkeley, California.  California Secretary of State Debra Bowen certified a ballot initiative late Wednesday to legalize the possession and sale of marijuana in the State of California after proponents of the measure submitted over 690,000 signatures. The measure will appear on the November 2 general election ballot.  (Photo by Justin Sullivan/Getty Images)

The 5 Necessary Elements When Opening a Marijuana Dispensary

The 5 Necessary Elements When Opening a Marijuana Dispensary

If you are reading this article more than likely is because you or somebody you know is interested in opening a marijuana dispensary. The Cannabis Industry is a challenging one and GreenAcre will help you through the process of applying, staying compliant and thriving in the Industry.

A Consulting Firm, an Insider in the Industry

You need guidance in this industry! Many professionals claim to have knowledge, but most are outsiders. They might have business knowledge, but not cannabuisiness knowledge. We always tell our clients, you are not opening a restaurant. You are dealing with a medicine that is Federally a scheduled 1 substance, according to the Controlled Substance Act. A great consultant will know the best industry practices and will possess key political connections. Corollary, GreenAcre is well connected not only in the cannabis industry, but also politically.

A Business Plan, the Heart of your Application

A comprehensive Business Plan is key to success in the Cannabis Industry. The Business plan will essentially be your application for the state license. Moreover, you will need the business plan when you look to raise capital for you CannaVenture. GreenAcre will develop your Business Plan. The Business Plan can be modified later to apply in any other state where Marijuana is legal, or becomes legal.

A lawyer, Who Can Also be Your Consultant

Cannabis Laws vary from state to state, county to county, and change constantly. You need an attorney to keep you in compliance with local and state regulations. A lawyer can also be helpful when it comes to reviewing contracts and securing property. It is a plus if your lawyer is also a cannabis consultant.

Funding, the Muscle of the Operation

Applying for a license and opening a dispensary facility can be costly. Whether you are a solo investor, a group of investors or you are seeking investment, a CannaVenture is a huge financial undertaking. You need to “put your numbers together first,” to be sure you have enough resources for your project. Also keep in mind that, the failure rate in the Cannabis Industry is at 44% within the first 4 years. If you are looking for investors, GreenAcre will connect you with investors in the Industry. If you are looking to invest, GreenAcre has access to the best projects available in the Industry, globally.

An Accountant, compliance with the Federal Government

You need an accountant, period. The accountant works together with your consultant in the creation of your Business Plan, and in case you are seeking investors. Moreover, they need to keep you compliant with the tax code 280E and other relevant tax implications. GreenAcre’s network has the most qualified consultants in the Industry.

 

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