Marijuana is a multibillion-dollar industry, and more states, such as Florida, Minnesota, Ohio and Pennsylvania, could soon legalize weed.
for the bill, and Tarasek expects him to sign it into law before the current legislative session adjourns on May 22.Jared Sadler harvests marijuana plants at a Cresco Labs cultivation facility in Indiantown, Florida.
Florida legalized the sale of medical marijuana in 2016 and it has become a billion-dollar business. Legal sales were $1.04 billion from January 2022 through July 2022, according to"Florida currently has one of the strongest medical cannabis programs in America and if that market is expanded to allow adult use for personal consumption we believe that market will be even stronger," said Lauren Niehaus, executive director of government relations at Trulieve.
"Trulieve anticipates, at maturity, that Florida could potentially become a $6 billion cannabis marketplace," Niehaus said.The Coalition to Regulate Marijuana like Alcohol has a proposal that seeks to establish a system in which marijuana is regulated and taxed similarly to alcohol. After the state legislature chose not to take up the proposal, the group has until July 5 to secure 124,000 signatures from registered voters to get the proposal on the ballot.
Haren said the proposal also plans to build upon Ohio's medical marijuana program and issue additional adult use licenses to new companies.
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