MJ Biz report

A Florida appellate court ruled that the state’s medical cannabis licensing system is unconstitutional, setting the stage for greatly expanded business opportunities in one of the country’s fastest-growing markets.

Found unconstitutional were legislative measures that imposed license caps and vertical integration.

“The takeaway here is that while the decision will most likely be appealed to the Florida Supreme Court, this opens the door to the possibility of the Florida market opening up to more players, with the barriers to entry being lowered,” Sally Peebles, a cannabis attorney with Vicente Sederberg LLP in Florida, wrote in an email to Marijuana Business Daily.

Read the full piece here

 

Florida appeals court nixes medical marijuana caps, vertical integration