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GTBIF - Florida: America's Most Competitive Cannabis Market
Green Thumb Industries Inc
The Florida Market
Florida is the third-largest state by population and the second-largest state with legal cannabis. Medical cannabis was legalized in Florida in January 2017. Since then, the Florida market has grown continuously by all metrics, with patient counts rising to over 280,000 as of May 3, up from 106,000 one year ago.
This market is one of the most attractive markets for large cannabis companies due to its relatively unique set up.
Florida is a limited-license medical cannabis market, with an initial limit of 14 licensed companies although eight new licensees have recently