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Florida

 

What marijuana/cannabis business can you start in Florida?

Under the new regulations, enacted on November 8, 2016, Florida will accept new applications for Medical Marijuana Treatment Centers (MMTC) -- entities that acquire, cultivate, possess, process (including development of related products such as food, tinctures, aerosols, oils, or ointments), transfer, transport, sell, distribute, dispense, or administer marijuana, products containing marijuana, related supplies, or educational materials to qualifying patients and caregivers.

The legislation paves way for 10 more medical marijuana treatment centers that will open by Oct. 3. When 100,000 new eligible patients are added to the patient registry, another license for MMTC will become available to apply for.

However, only 2 or 3 licenses will be available to new applicants, because five (5) of the new MMTC licenses are allocated to those who applied in 2015 but were not originally selected, then one (1) license is set aside for a group of black farmers and one to two (1-2) licenses will be given to facilities currently processing citrus fruits.

What can I do right now?

To get ahead and be prepared for when the state will start licensing marijuana businesses, you should:

  • Read through the regulations and understand the application process and requirements.
  • Get a 100% compliant marijuana company business plan right away. It is required for licensing and will help you understand the costs and profits of a business as well as help you acquire investment capital or get partners in place. See our Marijuana Company Business Plans page for details about our plans that fully meet the business plan requirements for applications.
  • Contact us when you have a budget in place and would like assistance with the application process.

How To Open Medical Marijuana Treatment Center in Florida?

The state will be opening the application period for Medical Marijuana Treatment Center sometime after July 2017. There are some things you can do right now to get ahead, though:

  1. Setup your Marijuana Business Corporate Structure.
  2. Create a compliant Business Plan. It's required for licensing and is great for potential investors/partners, too. 
  3. Determine your potential location(s) and investigate whether your preferred city or county will be issuing licenses via one of our Support Packages.

Start working on the other licensing requirements (We don't assist with this due to limited number of licenses as set forth by the regulations).

The latest marijuana industry news, laws, & frequently asked questions for Florida.