Florida

Fri
15
Oct

Rising Consumer Spending on CBD-infused Products Fueling Big Profits in Billion Dollar Industry

marijuana leaf

The last two decades have seen a great deal of progress in global legalization and regulation of cannabis, both for medical and recreational use. Nowadays, the demand for cannabis is expected to increase significantly from the arrival of cannabis-infused products. The growth of the overall CBD-infused products market is backed by the rising demand and increasing legalization of cannabis, growing application of cannabis in cancer, and health benefits offered by cannabis-infused products. Moreover, the usage of cannabis in pet food and the increasing demand for cannabis-infused drinks provide significant opportunities in this market.

Thu
14
Oct

What’s the hold up on Florida medical marijuana licenses?

marijuana leaf

Florida’s medical marijuana industry is barely five years old but already replete with unfairness. A Black farmer has yet to receive a state cannabis license, contrary to clearly defined requirements. Issuing a license quickly so a Black farmer can enter this lucrative market is the first step toward evening the playing field.

Mon
11
Oct

$2 million worth of marijuana was found in a Florida storage facility, and the sheriff's office wrote a Facebook post looking for the rightful owner

marijuana found in storage facility

The Brevard County Sheriff's Office in Florida is looking to reunite $2 million worth of marijuana with its rightful owner, according to a snarky post on the department's Facebook page.

"If you happened to have lost or misplaced approximately 770 pounds of high grade marijuana and would like to have your property returned, please contact our Narcotics Agents and we will be more than happy to reunite you with your lost property!!" read the statement written by Sheriff Wayne Ivey.
The drugs were found in a mini-storage facility in Viera, on Florida's eastern coast. The post went on to say everyone loses or misplaces important items all the time, and the Sheriff's Office "always strives to do the right thing."
Thu
07
Oct

Florida Officials Go Undercover to Investigate Cannabis Doc

medical cannabis doctor

A Florida physician is fighting the state after its Department of Health sent undercover agents to visit his medical cannabis clinic and documented questionable practices, according to reports and public records. Joseph Dorn, MD, who runs the Tallahassee-based Medical Marijuana Treatment Clinics of Florida, is the subject of a health department complaint alleging he falsified or exaggerated assessments, and failed to conduct substantial patient evaluations when the agents visited. His license may be at stake.

Tue
05
Oct

Deal Makes Florida Company Largest Marijuana Retailer

marijuana plant

 Trulieve, the state’s largest medical marijuana operator, is now the nation’s biggest cannabis retailer, after closing on a $2.1 billion deal to acquire former competitor Harvest Health & Recreation Inc.

The transaction marks a major development in Florida, where Harvest held one of 22 licenses to cultivate, process and sell medical marijuana to a growing patient population, and in the nation’s rapidly expanding pot industry.

Trulieve CEO Kim Rivers called the closing of the deal a “transformational milestone” in her Gadsden County-based company’s brief history.

Tue
05
Oct

Why Demand for Cannabis is Expected to Surge in Coming Months

woman an open field

 Over the past several years, there has been a significant increase in the number of cannabis cultivators in the U.S. as the government is now accepting more applications for cannabis cultivators. In addition, the number of applications for which cannabis is prescribed is increasing. This is expected to increase cannabis sales, and thereby open new revenue channels for market players. Furthermore, the anticipated federal-level legalization of medical marijuana in the U.S. will only help this market to witness high growth opportunities in legal medical consumption. The demand for legal marijuana is expected to surge rapidly due to changes in government policies. Several new startups are venturing into R&D, cannabis testing, and manufacturing.

Fri
01
Oct

Constitutional amendment could allow you to grow your own marijuana

What if you could turn your work shed into a legal marijuana grow house? It’s really a possibility that Florida voters may get a chance to vote on it next year. The constitutional amendment being proposed would allow those 21 and older to grow their own marijuana. But it could only be grown inside a locked room. Eli Joyce with the grassroots group Regulate Florida is pushing to get recreational use on the 2022 ballot.

“We’re talking about possessing and growing a plant,” said Eli Joyce. “Adults have the right to deserve that option,” said Eli Joyce

Mon
27
Sep

Two fishermen find 5lb bales of marijuana hours apart in Florida keys

man holding a fish

Two fishermen found 5-pound bricks of marijuana in two separate fishing trips just hours apart in the Florida Keys Saturday.

Around 12:54 p.m. deputies were called to the 200 block of Atlantic Blvd. in Key Largo where a man who was out diving for lobster reported finding a package of suspected marijuana, according to the Monroe County Sheriff’s Office.Then around 3:36 p.m. a man out fishing on Big Pine Key found what he believed to also be a bale of marijuana and reported his find to deputies. MCSO said the water-logged package weighed about five pounds. Both men brought the packages to shore and turned them over to investigators. The US Border Patrol responded to both finds and took possession of the packages.

Tue
21
Sep

Yogajuana: How local marijuana advocates are working to break the stigma

Woman yoga

You might be familiar with the practice and poses of yoga, but have you ever heard of yogajuana? 

For millennia, yoga has been used to heal the mind, body, and spirit. Some use it for strength training or flexibility, but now, some members of Southwest Florida’s medical marijuana community are taking yoga to a deeper level by incorporating cannabis.

“We come to yoga to work on our own individual areas, whether we are trying to let go of something or conjure up something, heal something, so that’s really the concept,” said Tara Mina, a yoga instructor and cannabis advocate, also known as “Yoga Mama.” “It’s not so much about cannabis, it’s about treating the symptoms of why we choose to use cannabis.”

Wed
15
Sep

License regulations in Florida, Massachusetts could impact high-stakes medical marijuana acquisition

woman vaping

A company already drawing scrutiny in Florida for potentially holding a stake in multiple medical cannabis businesses drew similar interest from Massachusetts regulators. Now a high-priced acquisition could hinge on how Florida handles its own licensing rules.Purchases in both Florida and Massachusetts involve the hedge fund Gotham Green Partners. That business last year made a play to purchase most shares of iAnthus, another fund with a heavy stake in the industry. But that’s a deal iAnthus now wants nixed, with iAnthus suing Gotham last month in a Canadian court over details of the restructuring deal, according to the trade publication GreenMarketReport.

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