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growing medical weed in florida

Joe Bayern, the company’s CEO, said during the same earnings call that Florida is getting more competitive. “We want to make sure that we’re preparing ourselves to compete as effectively as possible,” said Bayern.

“Florida is where we were founded and where our headquarters has always been, and we’re certainly continuing to focus on Florida,” Rivers says. “And we are continuing to invest in infrastructure in Florida, and we’ll continue to do so . . . ”

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But it’s not just newcomers who are expanding their footprints. Curaleaf, which has 37 retail locations throughout the state, is also rushing to open as many stores as possible. The company plans to have a total of 60 dispensaries by the end of 2022.

Matt McGinley, an analyst who covers cannabis at Needham, says the market is not likely to cool down anytime soon.

Big Bud: Trulieve has been selling an average of a ton—32,000 ounces—of cannabis flower per week in 2021.

Brady Cobb, a cannabis entrepreneur who cofounded Florida cannabis operator Bluma Wellness and sold it to Chicago-based Cresco for $213 million in April, says companies are engaged in a price war that is getting out of control.

Idaho: In 2015, the Idaho State Legislature passed a bill legalizing certain types of CBD oil that was later vetoed by Governor Butch Otter (R). In response, Otter issued an executive order allowing children with intractable epilepsy to use Epidiolex in certain circumstances. [6]

On March 27, 2020, Gov. Kristi Noem (R) signed House Bill 1008 into law, which legalized industrial hemp and CBD oil in the state. [10]

The measure would amend Amendment 2 (2016), which legalized medical marijuana in Florida, to redefine “medical use” under the measure to include growing up to nine marijuana plants. The measure would also add a definition for “marijuana plant.” [1]

Background

South Dakota: In 2019, the South Dakota State Legislature passed a bill amending one section of law by adding Epidiolex to its list of controlled substances. The bill also exempted CBD from the state’s definition of marijuana in that section. [7] Elsewhere in state law, CBD was not exempted from the definition of marijuana. This discrepancy led to confusion that left the legal status of CBD in the state unclear for a year. [8]

ARTICLE X, SECTION 29.– Medical marijuana production, possession and use.

Unique instances

After the 2019 changes, Attorney General Jason Ravnsborg (R) issued a statement, wherein he argued all forms of CBD oil, apart from Epidiolex, were illegal under state law. [9] Several state’s attorneys expressed disagreement with the Attorney General’s statements. Aaron McGown and Tom Wollman, state’s attorneys for Minnehaha and Lincoln counties, respectively, issued a joint statement where they said the discrepancy left legality open to differing interpretations. Mark Vargo, the Pennington County state’s attorney, said his office would not prosecute CBD cases based on his interpretation of the state law. [8]

The proposed title is as follows: [2]