TALLAHASSEE, Fla. - Florida is adding eight more medical marijuana operators to the 14 businesses currently selling cannabis throughout the state.
The new additions to Florida’s rapidly growing medical-marijuana industry--projected to generate more than $2.5 billion in annual revenue within five years--come from a pool of applicants that lost out in the first round of licensing in 2015 under an initial state law that allowed non-euphoric cannabis.
Since then, Florida voters broadly legalized medical marijuana, but the state has not begun an application process for investors eager to enter the state’s cannabis market, which is expected to eventually become one of the largest in the nation. Florida has more than 200,000 patients qualified for medical marijuana, and that number continues to increase.
