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Opinion: What to consider when buying a Florida medical cannabis business license

Dustin Robinson (Courtesy photo)

With Florida voters deciding whether to legalize adult-use marijuana this fall, medical cannabis business licenses in the state are among the most coveted in the United States.

Several Medical Marijuana Treatment Center (MMTC) licenses could be for sale in Florida as soon as this spring.

The Florida Office of Medical Marijuana Use is expected to announce the winners of 22 MMTC licenses by the first week of April, which would nearly double the number of existing permits.

Winners of the MMTC licenses – vertically integrated operations with no cap on facilities – will be chosen from 74 applications submitted in April 2023.

Meanwhile, language in the November adult-use ballot initiative explicitly allows MMTC license holders to operate in the recreational marijuana market as soon as the measure is passed.

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