Would iAnthus leadership Consider this to be a positive or negative for their operations in fla.
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A Florida appellate court upheld a lower court ruling that the state’s medical cannabis licensing system – which imposed vertical integration and dispensary caps – is unconstitutional. The decision, pending a potential appeal to the state Supreme Court, requires the state health department to develop new MMJ licensing standards.
MJBizDaily takeaway: About half a dozen vertically integrated MMJ businesses currently control nearly 85% of the dispensaries in Florida, a market that’s projected to reach nearly $500 million in sales this year.
Experts believe it’s only a matter of time before barriers to enter Florida’s market come crashing down, creating an array of new business opportunities – perhaps even for mom-and-pop operations”