Chicago Partner Irina Dashevsky, Co-Chair of Locke Lord’s Cannabis Industry Group, was quoted by Law360 regarding Florida’s cannabis licensing requirements likely favoring large operators after the Florida Supreme Court’s decision upholding the state’s licensing regulatory scheme. The court’s decision maintained a requirement that all licensed medical marijuana operators in the state be vertically integrated, conducting all aspects of the cannabis business from cultivation through retail.
"Many who want to get into the industry are probably thinking to themselves, 'I don't have what it takes to compete in Florida. A bunch of other [multistate operators] are going to compete. I don't have a chance there,'" she said.
However, Dashevsky observed that new licenses may soon be available in Florida, and that those who obtain a medical license will likely be grandfathered into the recreational licenses and market if (and more likely when) adult use is legalized in Florida.
"I don't think it's right to write off Florida, to say there's nothing to be done here," she said. "Getting a foothold in Florida is a great business move."
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