When Gov.-elect Ron DeSantis takes office next week in the sunshine state, the road to marijuana legalization in Florida will begin. This is very significant for the US cannabis industry as Florida has a total 20.98 million people, making the third most populous US state after California and Texas.
Florida currently has only a handful of legal dispensing cannabis companies:
The Green Solution
Modern Health Concepts
Two court appeals which could open up the marketplace and the path to smoking pot might be undercut — and a petition drive to place recreational weed on the 2020 ballot will get steam.
An appeals hearing is set for Monday on a decision by former Miami-Dade child advocate and current Tallahassee Circuit Court Judge Karen Gieversthat would allow medicinal marijuana smoking in the nation. Gievers ruled last June 5 that legislators violated the will of respondents — 71.5 percent of whom approved medicinal marijuana — by banning smokable bud. But in a court record, state House general counsel Adam Tanenbaum held out the”possibility” that the Department of Health would remove itself from the instance.
The exact same day, events start leading up to DeSantis’ swearing-in on Tuesday. His lieutenant governor, Jeanette Núñez, recently told the News Service of Florida that the Senate may also get rid of the nation from a lawsuit tough limits on the amount of companies involved in the nation’s marijuana trade. Tallahassee Circuit Court Judge Charles Dodson agreed to overturn a law that capped the number of bud licenses and needs marijuana operators to grow, process, and distribute cannabis-related products. But like the smoking-ban decision, that judgment is under appeal.
Núñez, a Miamian and the first Latina to shoot high state office, stated DeSantis has a different opinion than current Gov. Rick Scott, who has fought efforts to make a more competitive bud marketplace. The governor-elect,she said ,”has stated he is not interested in continuing that struggle… I believe he has a different perspective than Gov. Scott. I believe he needs the will of the Republicans to be implemented.”
Most intriguing in the long term, the push to acquire recreational marijuana on the 2020 ballot is gaining steam. Tampa attorney John Morgan, one of the most important architects of the state’s medical marijuana movement, has said he will press the measure before voters in 2020, when Democrats are more likely to appear in force. This past Wednesday, he realised the effort is underway.
A similar attempt to find a bill on the ballot in 2018 fizzled. That failure might have been a key to Democrats’ pathetic showing at the election. Even with a Democratic majority in the country, Republicans held the state House and Senate in addition to the governor’s seat.
Thirty-three, such as Florida, allow medicinal marijuana.
With a $1 billion market projection by 2020, Florida seems set for a “green thrust” and it helps that Florida has low taxes including no state income tax. Marijuana is now being preferred over prescription drugs in many illnesses, by an ever-increasing number of patients. Looking to the market’s imminent rise in the coming years, companies seem to be adopting a “marijuana vision.”
They are investing incrementally in product research. More patient-friendly and legally permissible variants, such as oils, vapes, and extracts are finding their way from labs to points-of-sales.
With such compelling statistics, cross-border collaborations and strategic partnerships are on the rise. North America and West Europe are already reaching out for knowledge, know-how, and technological partnerships.
The stage seems set for globalization of the marijuana business.