Florida’s medical marijuana industry soon will be open to new business entrants for the first time in more than five years.
State health officials will accept applications for up to 22 new medical marijuana licenses beginning April 24, Gov. Ron DeSantis’s administration announced on Friday.
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The new licensees would double the number of vertically integrated operators active in the state.
Under state law, each individual operator is allowed multiple cultivation and sales locations.
The state’s existing 22 operators had a total of 413 locations as of last year, according to the 2022 MJBiz Factbook.
At an estimated $1.5 billion in annual sales in 2022, according to the MJBiz Factbook, Florida’s MMJ market is one of the nation’s largest.
However, that market has been closed to new entrants since 2017 despite a mandate to grant new licenses to keep pace with the state’s registered patients.
Despite
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