Florida's medical cannabis market is a top performer, with a booming industry backed by a sizable patient count. Solid sales and patient counts serve as an appeal to would-be investors and entrepreneurs.
Data from the 2021 Marijuana Business Factbook projects Florida generating between $775 million and $950 million in 2021.
Strong sales are backed by 582,883 active cardholders as of July 2. Meanwhile, new stores continue to come online, with Harvest House of Cannabis opening a dispensary in Miami and Liberty Health Sciences opening its doors in Hollywood between June 28 and July 2.
Several MSOs and major brands call Florida home. Trulieve Cannabis Corporation (OTC: TCNNF) leads the way with 85 locations across the state, with Surterra Wellness (39), Liberty (38) and Curaleaf Hldgs Inc. (OTC: CURLF) (37) trailing.
A Promising Medical Market With Adult Use Hopes On The Horizon
Sources highlighted an array of positives entrepreneurs and investors should consider.
Jonathan Sandelman is CEO of AYR WELLNESS INC. (OTC: AYRWF), which acquired Liberty Health Sciences in February 2021. He cited the state's sales and growing patient counts as a highlight.
"We strongly believe that our Florida operation…in …