Florida is the US’s largest and most lucrative medical only cannabis market with over $1 billion in medical cannabis sales in the first half of 2022. With only 22 businesses licensed to legally operate in Florida, cannabis licenses in the state are considered extremely valuable and have sold for well over $50 million. So the industry has been buzzing with excitement over yesterday’s announcement by the Florida Office of Medical Marijuana Use (OMMU) that the long-awaited new licensing round will begin shortly!

The roll-out New Jersey’s adult-use cannabis program has come in stages, with cultivation and manufacturing license applications available 3 months prior to the retail applications.

This past Friday 10/28, the OCM quietly released its Guidance for Adult-Use Dispensaries (“Guidance”), which is a summary of the pending regulations for CAURD applicants and other adult use dispensary applicants. It is important that all CAURD applicants familiarize themselves with the information provided in the Guidance.

The Nevada Cannabis Compliance Board (CCB) announced the application timeline for cannabis consumption lounge licenses

The Department of Cannabis Control (DCC) in California recently announced that enforcement activities pushed the total value of seized cannabis over the $1 billion mark in the last 13 months. The numbers from the enforcement are staggering: 232 search warrants, half a million pounds of product, 1.4 million cannabis plants, 120 firearms, and $2.3 million in illegally obtained assets.

Governor John Bel Edwards approved ten new cannabis bills in June including one measure that would expand the number of dispensaries (marijuana pharmacies) in Louisiana. The