The addition of edibles to Florida’s medical marijuana market could boost a projected near-$1 billion in 2020 cannabis sales by 20 percent, or $200 million, industry analysts said.
The Florida Office of Medical Marijuana Use (OMMU) released long-awaited guidelines for medical marijuana edibles, three years after voters approved a
constitutional amendment legalizing medical marijuana and one year after state lawmakers lifted a ban on smokable medical marijuana.
Parallel Florida LLC, Curaleaf, VidaCann and Trulieve already have received approval to start manufacturing edible products, Agriculture Commissioner Nikki Fried said in a statement, noting edibles provide patients with “another
Trulieve, Florida’s largest medical marijuana operator with 57 dispensaries statewide, said it has built a 10,000-square-foot commercial kitchen and will “soon” begin selling the
Trulieve CEO Kim Rivers said about half of the state’s medical
marijuana sales stem from smokable flower, with the new edible
product line likely to boost sales by as much as 20 percent.
Marijuana Business Daily’s Marijuana
Business Factbook estimated medical cannabis sales in Florida will range from $775 million to $950 million this year, significantly higher than $575 million in 2019 sales.
Some analysts project Florida’s medical marijuana market will generate $1.3 billion in 2021 sales and $6 billion in annual sales by 2030 in Florida. That 2021 projection did not include edible sales.
According to OMMU’s update Aug. 21 – 399,253 Floridians are qualified by 2,573 certified physicians to fill medical marijuana prescriptions at 270
dispensaries across the state.
CannaMD physician Dr. Joey Beyer issued a medical marijuana edibles certification to Gloria DeGeus, who uses medical marijuana to treat PTSD, according to a company press release.
“I don’t think people understand how much medical marijuana helps,” DeGeus told CannaMD.
The rules require a $650 annual permit to manufacture edibles with these guidelines:
• Edibles cannot resemble commercially available candy;
• Edibles must be in geometric shapes (not animal shapes);
• Edibles can include baked goods, chocolate, drink powders, lozenges and gelatins.