Trulieve gains 14-store advantage in Florida after settlement with state
In an out-of-court settlement, the Florida health department allowed medical marijuana retailer Trulieve to expand to 49 locations, 14 more than allowed by the current cap system established by a 2017 law that other MMJ retailers must abide by. Trulieve now has 27 dispensaries.
MJBizDaily takeaway: The settlement is good news for Trulieve but bad news for other Florida MMJ companies. By leaving the cap in place while letting Trulieve open 14 more stores than its rivals gives the Florida MMJ giant a significant edge. The question is how long will it last, as competitors that also had stores open before the cap – including Modern Health Concepts, Surterra and Knox Medical – may well ask to be exempted from the cap like Trulieve. “Without a doubt, I think they will,” said Jeffrey Sharkey, president of the Florida Medical Marijuana Business Association.