Miami/Fort Lauderdale June 8 – 10 2017
Fort Lauderdale, Florida
At $1.6 billion in 2020, Florida would be about half the size of projected market leader California with its estimated $3.3 billion in medical sales, according to the report. the state could see medical marijuana sales of $10.7 million in 2017, $277.7 million in 2018, $1.1 billion in 2019 and $1.6 billion in 2020, according to the New Frontier and Arcview report.
FORBES – Florida Medical Marijuana Sales Could Rival Colorado By 2020 – Florida voters legalized medical marijuana during this past election with more than 70% of the vote. Florida has the fifth-highest median age and is one of the most popular places to retire in the country. It is considered to be well-positioned to serve the aging population with medical cannabis products. The New Frontier report believes that Florida could end up becoming 7.5% of the total legal U.S. cannabis market and 14% of the medical marijuana market by 2020.
WHAT THE NEW FLORIDA AMENDMENT DOES
It allows the use of medical marijuana for people with debilitating medical conditions as determined by a licensed physician. In 2014, the Florida Legislature approved the use of low-THC and non-smoked cannabis for patients suffering from cancer, epilepsy, chronic seizures and chronic muscle spasms. It was expanded last year to include patients with terminal conditions under the Right to Try Act and allowed them to use higher strains.
Patients suffering from HIV/AIDS, glaucoma, post-traumatic stress disorder, ALS, Crohn’s disease, Parkinson’s disease, multiple sclerosis, or other similar conditions will now be covered.