Florida medical marijuana operators in ‘catbird seat’ after state court decision

MJ Biz reports…

A recent Florida Supreme Court decision plays into the hands of established medical marijuana multistate operators in the state, although it also could spur additional licenses, investment by others and acquisition activity.

What remains to be seen is to what extent the currently concentrated, billion-dollar industry will become more competitive over time.

The state Supreme Court last month left the state’s limited-license, vertically integrated structure intact, saying that a constitutional challenge was unlikely to succeed.

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