4 ms·
It's not just the taxes. It's how hard it is to sell weed legally. All of the hoops and expenses add up. In Florida, it's like 20 licenses that cost $25M each.
by dumbfoundded 5y ago
It's not just the taxes. It's how hard it is to sell weed legally. All of the hoops and expenses add up. In Florida, it's like 20 licenses that cost $25M each. We should make it as easy as selling alcohol and then the prices will match.
- sokoloff 5y agoIs your claim that it costs half a billion dollars to setup to sell weed legally in FL? That defies all order-of-magnitude estimation.
- dumbfoundded 5y agoNo, $25M is the open market price for a license charges a company to pick up a license. Looks like someone sold a license for much more (0). Only 22 licenses for companies in Florida have been granted (1). In Florida, companies have to vertically integrate their whole supplychain and not mix with any other cannabis company. It takes opening like 50 dispensaries under a license to break even. Florida sells $1.2B of cannabis a year & $500M in acquisitions were completed in Florida last year. (0) https://www.tampabay.com/florida-politics/buzz/2019/10/15/for-sale-two-florida-medical-marijuana-licenses-cost-95-million/ https://www.tampabay.com/florida-politics/buzz/2019/10/15/fo... (1) https://mjbizdaily.com/florida-medical-marijuana-operators-benefit-from-state-court-decision/ https://mjbizdaily.com/florida-medical-marijuana-operators-b... (2) https://mjbizdaily.com/cannabis-msos-on-buying-spree-in-florida-in-bid-to-take-on-trulieve/#:~:text=But%20with%20Florida's%20market%20now,cannabis%20law%20firm%20Vicente%20Sederberg https://mjbizdaily.com/cannabis-msos-on-buying-spree-in-flor....