Florida’s high court upholds medical marijuana vertical licensing and caps

MJ Biz report…...The Florida Supreme Court on Thursday left the state’s medical marijuana licensing system intact, deciding that a constitutional challenge to vertical integration and license caps isn’t likely to succeed on its merits and handing a defeat to small businesses hoping to break into the market.

The 6-1 decision means that state regulators of Florida’s $1 billion medical marijuana industry won’t be required to develop a new licensing structure that includes standalone licenses and thus opportunities for smaller companies and entrepreneurs.

The current industry is dominated by a small group of vertically integrated multistate operators.

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