Florida regulators awarded 22 new medical marijuana business licenses that “could double the size” of the state’s MMJ market.
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According to The News Service of Florida, state regulators also issued an emergency rule that:
Increases the cost of a biennial license renewal from about $60,000 to more than $1.33 million and raises a new license fee from $60,830 to $146,000. Mandates that health officials accept applications in “batching cycles” whose time frames would be established in a separate rule. The new rule did not say how many licenses would be available in each cycle.
“It was quite brilliant to include the language regarding the batching cycle, and I would think the reason they did that is to avoid all this costly litigation that we’ve seen in the past,” Sally Kent Peebles, a Jacksonville-based partner at Denver-based cannabis law firm Vicente Sederberg LLP, told
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