A court case that would open up stand-alone licensing alternatives in Florida’s vertically built-in medical marijuana market isn’t going to be determined anytime quickly.
In a uncommon transfer, the Florida Supreme Court – which held oral arguments on the problem in early May – scheduled a second set of oral arguments for Oct. 7.
Industry officers had anticipated a ruling this summer time.
The case, filed by Tampa-based Florigrown, has been dragging on for the reason that summer time of 2018, when Leon County Circuit Judge Charles Dodson declared that licensing limits imposed by a 2017 regulation violated the MMJ constitutional modification permitted by Florida voters in 2016.
At one level, Dodson informed Florida regulators to give up stalling and concern further licenses, however the state as an alternative determined to struggle his ruling.
Under the present vertically built-in construction and licensing caps, a handful of operators management a Florida medical hashish market that Marijuana Business Factbook tasks will attain $775 million to $950 million in gross sales this yr.
Florida-based Trulieve by itself has a market share exceeding 50% and operates 51 of Florida’s 258 dispensaries, in accordance to the state’s newest weekly replace.