Florida: New Applications Set To Open Soon

"After the better part of a decade, the Florida Department of Health’s rules on how businesses can enter the state’s medical marijuana industry are finally here. Sort of."

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In December 2022, “The Department of Health, which regulates the state’s multibillion-dollar medical marijuana industry, released two emergency rules that indicate, in broad strokes, the application process for companies seeking a medical marijuana treatment center license, which permits them to cultivate, process and dispense medical marijuana.”

“State law requires regulators to create four new treatment center licenses for every 100,000 new patients that enter the market. But the state has awarded just one new license through the application process since 2015. With the state reporting more than 776,000 patients as of last week, the state is required to bring 22 additional operators online.”

CannDev is hearing that an announcement will be made during Q1 2023 for Florida to open for new applications. 

Florida generated $2.4 billion in legal cannabis sales in 2022, as of September, per BDSA. Currently there are over 400 medical dispensaries in Florida, and 123 municipalities have at least 1 dispensary. This market also has big potential for increased revenues when it goes recreational. 

The Office of Medical Marijuana Use has made one thing crystal clear regarding their upcoming MMTC application cycle – their application will favor applicants that are as close to operational as possible. If you are relying on non-binding LOI’s, you are giving up points to your competitors. The OMMU wants to see money in the bank and real estate that has been locked down. This means that organized companies with deep pockets have a significant advantage. 

CannDev is working future applicants to assist them in securing compliant retail locations in many FL markets. We currently have locations available in Jacksonville and Fort Myers with more to come.

To review these opportunities please click the link at the bottom of this email

We are currently focused on the following markets:

  1. Tampa
  2. St. Petersburg
  3. Orlando
  4. Jacksonville
  5. Miami
  6. West Palm Beach
  7. Ft. Lauderdale
  8. Pensacola
  9. Ft. Meyers
  10. Clearwater

If you’re interested in finding out more and getting first look at the compliant retail deals we secure please click the link below and fill out the form

Click Here To Gain Access to Our Florida Deals

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New California Retail Markets: Redondo Beach, Woodland, West Sacramento

In California, numerous brand-new retail cannabis markets will soon be launching. CannDev is searching for retail operators to become our future tenants at the locations we have already secured in these up-and-coming jurisdictions.

Check out the four compliant properties listed below!

Interested in receiving alerts for our off market retail deals?

Where we send you new deals in emerging cannabis retail markets soon to open up for soon to open for applications.

As you know, new markets around the country are opening up at a rapid pace.

This creates enormous opportunity for those who can be the first to plant a flag in a new city and secure a ‘first mover advantage.’

We’re currently securing compliant retail real estate in many markets throughout the USA.