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Experts Divided in Florida's Medical Marijuana Market's Growth Potential

Submitted by Marijuana News on Mon, 07/25/2016 - 08:17

Florida is all set to launch its limited medical marijuana market. It will start selling medicinal cannabis but only company has been approved to dispense it. Marijuana investors are however divided in their opinion on whether this is the right time to invest in the state’s emerging cannabis industry.

“We're not talking about having a dispensary on every street corner. It is still a very controlled, closely tailored and very heavily regulated structure,” an attorney who leads the regulated products practice at the Florida law firm of GrayRobinson, Richard Blau, told CNBC.

Even though half a dozen businesses have been granted licences to cultivate medical marijuana, only Hackney Nursery, doing business as Trulieve, has received permission to dispense it. Trulieve is planning to sell medicinal cannabis at its retail store in Tallahassee. The company eventually intends to setup locations in three other cities.

Trulieve will be selling low-THC cannabis products,...

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International Business Times
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