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Florida Cannabis News

macbill

Oh No! Mr macbill!!
Staff member

bulllee

Agent Provocateur
Florida medical cannabis edibles sales could reach $250 million in first full year
Published 11 hours ago | By Jeff Smith


7.26.19-edible-cookies-1024x681-1-300x200.jpg

Edibles are hitting the medical cannabis dispensary shelves in Florida, launching a new market segment that could generate up to $250 million in sales in the first full year.

Tallahassee-based Trulieve, the state’s dominant medical cannabis operator, was first out of the gate, selling edibles in its hometown dispensary on Sept. 2.

The first sale came about a week after the state health department issued long-awaited edible production rules.

“The industry has been waiting for this for several years,” said Jeffrey Sharkey, president of the Medical Marijuana Business Association of Florida.

“It’s a huge deal for a variety of reasons,” Sharkey said, listing several factors:




  • Edibles sales come at a time the Florida MMJ market continues to grow at a rapid pace, with the number of qualified patients recently exceeding 400,000, up 25% since the beginning of the year, when the patient count was 299,000.
  • “In talking to several licensees, they believe edible sales will be in the 20% range” of the total market.
  • The profit margins of the products are “pretty robust.”
If edibles wind up accounting for 20% of the total medical marijuana market in Florida, that could place edibles sales at roughly $250 million in 2021, the first full year of sales.

That’s based on the recent Marijuana Business Factbook projection that Florida MMJ revenues will total $950 million to $1.2 billion in 2021. Those projections didn’t take into account edibles sales.

MMJ sales in Florida this year are expected to reach $775 million-$950 million, up from an estimated $475 million-$575 million in 2019.

Sharkey said edibles could cut into some other THC-infused product sales, but the overall revenues should be quite a bit higher.

He doesn’t expect edibles to affect smokable flower sales, which account for roughly 50% of Florida’s MMJ market.

Licensing deals

Florida’s medical marijuana operators have been preparing for edibles for quite some time, Sharkey said, in part by developing licensing partnerships with out-of-state edibles companies.

For example, Sarasota-based AltMed Florida, which now has 25 dispensaries across the state operating under the MüV brand, announced this week an exclusive licensing agreement to produce and distribute Colorado-based Wana Brands’ edibles, pending state approvals.

Trulieve, meanwhile, has built out a 10,000-square-foot commercial-grade kitchen and is making a branded product line of gummies and chocolates.

In addition, Trulieve has licensing partnerships with Bhang in Miami as well as Denver-based edibles companies Binske, District Edibles and Love’s Oven to produce cookies, brownies and other edibles, pending state health department approvals.

“There has been strong demand for medication in this format for over three years now,” Trulieve CEO Kim Rivers said in a news release.

She noted that the customers’ average age is in the early 50s.

“Many of these patients have requested edibles as they have less stigma associated with them, are often easier to ingest, and is a medication option that tastes good too.”

According to Florida regulations, edibles:

  • Must not resemble commercially available candy.
  • Must be in geometric shapes (not animal shapes).
  • Can include baked goods, chocolate, drink powders, lozenges and gelatins.
Brady Cobb, CEO of Fort Lauderdale-based Bluma Wellness, which operates dispensaries under the One Plant Florida brand, said it will launch edibles later in the year, with a focus on gummies, cookies and pretzels.

The company is planning to sell its own branded products as well as edibles obtained through a licensing partnership with California-based Venice Cookie Co.

‘Will be a great category’

“I think edibles will be a great category in Florida and will offer additional growth potential,” Cobb wrote in an email to Marijuana Business Daily.

He noted that, even in more mature markets such as Colorado and California, edibles account for 10%-15% of sales, “and I think you will see something similar here in Florida.”

Cobb and Sharkey both noted that the Florida MMJ market continues to grow at a brisk pace.

In addition to patient growth, the number of dispensaries has increased 28% from 213 at the first of the year to 273 as of Sept. 3, according to the state health department’s weekly updates.

Trulieve continues to defy expert predictions by maintaining a nearly 50% market share.

Part of the success is reflected by Trulieve’s execution.

Trulieve was the first Florida company to sell medical cannabis four years ago. It was the first to sell smokable flower 18 months ago. And now it is the first to sell edibles.

Jeff Smith can be reached at jeffs@mjbizdaily.com
 

C No Ego

Well-Known Member
that shows why it is still illegal and costs are so high ... All the figuring on how to gouge the populace over [plants and costs LOL = the world
 

CrazyDiamond

Crosseyed & Painless
Florida needs to adopt laws like New Jersey. I have to tell my doctor that I would consume more if I could, but I can't be taking in medication at work. It's hypocritical.
TL also has the most market share becuase they are the largest, and in my area, the best selection. Grow Healthy and CuraLeaf are 30 miles away (I wish they were closer).
The above story is another reason I tell no one of MM status.
 
CrazyDiamond,

macbill

Oh No! Mr macbill!!
Staff member

That's the Catch. Catch-22​

Effort to legalize recreational marijuana knocked down by Florida Supreme Court

A high-profile effort to legalize marijuana was all but killed by the Florida Supreme Court on Thursday.

The justices argued that the amendment did not effectively advise Floridians that although marijuana use would be allowed under Florida law if the amendment were to pass, it would still be illegal federally.

“A constitutional amendment cannot unequivocally ‘permit’ or authorize conduct that is criminalized under federal law,” Canady wrote. “A ballot summary suggesting otherwise is affirmatively misleading.”
 

CrazyDiamond

Crosseyed & Painless
Schumer just needs to keep educating Biden on it...the will of the people has already been seen in many states, the fed's need to just do it. I've been saying since the 70's that they just need to do it and make it like tobacco...the national deficit would be eliminated or nearly eliminated with all the tax revenue that would come in...states have proved it already....make it 21 and older, etc. They wouldn't even need o re-write the law, just use the tobacco laws and use find and replace in Word to substitute Marijuana for Tobacco...done.

The Florida Supreme Court is being lazy and just saying if it's illegal federally then there's no sense in us saying its legal...short sighted and lazy.
 
CrazyDiamond,

macbill

Oh No! Mr macbill!!
Staff member

BabyFacedFinster

Anything worth doing, is worth overdoing.
Last edited:

Robert-in-YEG

Well-Known Member
Here in Canada weed has been legal for a couple of years, and the world hasn't ended.

The very first day for legal weed was something to see. There is a store near to me, where people lined up all night, just to be the first to buy.

There seems to be a weed shop on every second corner, and more come every day. On the grey-market side, there are tons of online, untaxed, unlicensed websites selling weed on line, delivery by post. In some of the bigger cities, there are grey-market deliver services. Prices start at just under $2/gram and go up. Weed is cheap, abundant, and mostly legal.

Despite the ease of access, reefer madness did not destroy the country.

What we DO have are problems with alcoholism and homelessness. Every day I see the damage done by alcohol. Cannabis is not anything to fear.
 

DillGaff

Well-Known Member

Florida denies short-term visitors medical marijuana​


Florida doesn’t allow short-term visitors to obtain medical marijuana at its dispensaries, even if they hold a license from another state. Taking medical marijuana across state lines is illegal. That means cancer patients are forced to go without medical marijuana or break the law if they want to visit Disney World or one of the state’s other signature attractions.

 

CrazyDiamond

Crosseyed & Painless
As much as I am happy about having med here in FL, my state is the most bat-sh|t crazy state in the entire US! Time to rant...
Hey! Federal Government...wake the f up. For one, all you, I don't even know what to call you anymore, you all are not representing the will of the People you are supposed to serve and not the other way around, which is where we are. See the part? The will of the People, NOT your own agenda! I cannot believe that cannabis is still not legal. Prove to me that Marijuana is more dangerous than alcohol or tobacco...right, you can't you dumb f*cks! Yet those two are legal. Ok, here's the big one for you politicians (shaking my head).....since the mid 70's, ya that's right 70's, I have been saying it won't take any work at all to do this. Take the existing tobacco laws and substitute marijuana for tobacco in the language. What, take less than a day to do, right? Now what you don;t due is tax it like tobacco...the whole point of the high tobacco taxes is for revenue and to make it so people wouldn't buy it because the cost...the second part didn't work. SO, you still tax weed (they gotta have a cut, unfortunately) and in no time that giant multi-trillion dollar national debt might actually start coming down. Oh and open the flood gates afterwards since banks will legally be able to process funds from weed sales which in turn they might invest in weed companies and more research to find, I bet, a myriad of new cures.

Rant over, thank you and have a great night.
 

Adobewan

Well-Known Member

Hey! Federal Government...wake the f up. For one, all you, I don't even know what to call you anymore, you all are not representing the will of the People you are supposed to serve and not the other way around, which is where we are. See the part? The will of the People, NOT your own agenda! I cannot believe that cannabis is still not legal. Prove to me that Marijuana is more dangerous than alcohol or tobacco...
Although there are a few good apples in the bunch(Katie Porter comes to mind), many politicians seem to take office to grift rather than govern.
I don’t see a lot of serving, working for, or representing the people, but quite a bit of unabashed self enrichment.
We are continually fleeced.
 

His_Highness

In the land of the blind, the one-eyed man is king
His_Highness,
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florduh

Well-Known Member
FL OMMU Rule Update: Effective Dec. 13, 2021

Beginning Monday 12/13/2021 the Medical Marijuana Use Registry will be updated pursuant to section 381.986(8)(e) 16.b, Florida Statutes to CALCULATE A 35-DAY ROLLING LIMIT OF DSPENSED MEDICAL MARIJUANA IN A FORM OF SMOKING:

Details in link below from OMMU (Office of Medical Marijuana Use)

Glad legislators are tackling the real issues in our State.
 

ugotmale

Well-Known Member
Forage “online cannabis discovery tool”

Inside the store on Tamiami Trail, a patient will no longer have to speak with the dispensary’s employees to figure out exactly what products they would like to buy to best suit their needs.

Instead, there are several digital kiosks that connect patients to Forage, a digital technology that Columbia Care describes as an “online cannabis discovery tool.”

Patients do not need to go into the store to access Forage as they can input their preferences online at Forage.io, then schedule to pick it up at the medical marijuana dispensary near them.

Jesse Channon, chief growth officer with Columbia Care, said the change from an infrastructure standpoint is significant, and that it will help guide patients to the right choices for them.


 

FlyingLow

Team NO SLEEP!
I may be in the minority, but I enjoy speaking with experienced budtenders... I don't want to interact with a robot to shop.
 

Adobewan

Well-Known Member
I may be in the minority, but I enjoy speaking with experienced budtenders... I don't want to interact with a robot to shop.
I hope both of these options remain available.
If you don't know the product it helps to speak to an intelligent budtender, but not all budtenders know all the strains of their dispensary. A smart, ever-updating archive of the inventory might make dialing in what you need more accurate.
I love the efficiency of being able to order something, then just picking it up.
 

His_Highness

In the land of the blind, the one-eyed man is king
FL OMMU Rule Update: Effective Dec. 13, 2021

Beginning Monday 12/13/2021 the Medical Marijuana Use Registry will be updated pursuant to section 381.986(8)(e) 16.b, Florida Statutes to CALCULATE A 35-DAY ROLLING LIMIT OF DSPENSED MEDICAL MARIJUANA IN A FORM OF SMOKING:

Details in link below from OMMU (Office of Medical Marijuana Use)
Just received a text from Trulieve stating that....

"Due to the confusion caused by the recent changes to the registry regarding flower dispensations the OMMU has rolled back that change".

:lmao: :lmao: :lmao: :lmao: :lmao: :lmao: :lmao: :lmao: :lmao: :lmao: :lmao:
 
His_Highness,
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CrazyDiamond

Crosseyed & Painless
I hope alll off that is rolled back because...

you don't have there what is the even more ridiculous....the 70 day rotation for everything else including concentrate!

Mine is due to roll over 12/20 and I was down .45 grams available. The Doc had just raised me to 21 grams but that wasn't to hit until 12/20. So I called, spoke to a rep and emailed my doc...they said it's all good you can tomorrow and get more. So I went to MUV cuz everything was 20% off. I get there, they tell me I'm still at .45 grams. They said call you r doc it should only take a few minutes. An hour later...yes an hour, the check-in tech kept refreshing my page and all of a sudden goes, oh no....no....no...you're Rx is no longer open and has been canceled! WTF!!!!! I immediately call back and she's like oh you talked to Ashley and Miranda, hold...no!, you stay on and message them...this needs to be fixed ASAP after I told her what was happening. She messages them and blah blah, the MUV tech's face light s up says you at 21 grams....so 21 grams until 12/20! Woohoo! but then at 12/20, resets to the 70 day and I know 21 grams is not going to be enough so I'm sure I'll be calling the doc next month, lol.
 
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