New Frontier Data, in partnership with Arcview Market Research, has released the 2016 Florida Legal Cannabis Market State Profile.
On November 8, 2016, Florida voters overwhelmingly approved Amendment 2 with more than 70% of the vote. Florida was the most significant state to pass medical cannabis laws in the November 2016 election due to its sheer size and large elderly population. The market’s future will be heavily dependent on decisions at the local level. Individual jurisdictions can enact moratoriums on legal cannabis sales, and this local autonomy could greatly impede initial market growth in the state. Other key trends that will be critical in shaping the growth and evolution of Florida’s market covered in our report are:
- National and State Market Projections through 2020
- The development of advanced delivery services to increase access to products for elderly patients
- The potential for a restrictive market due to action by the legislature and the DOH
- Potential barriers to physician certification and participation
And much, much more…
* Published December 2016