Florida Real Estate & Cannabis Regulations

Cannabis Status: Medical Only (applications opening soon)

While major pushes to legalize adult use cannabis in Florida have gained massive popular support amongst the populace, attempts to pass any legislation in the state government has been faced with massive political roadblocks. Most recently, two separate citizen-led initiatives to place cannabis legalization on the 2022 ballot have been struck down by the State Supreme Court. As of this time, recreational cannabis remains illegal in the third largest state in the country.

Name: Florida
Population: 21.48 million
Median Income: $55,660
Cannabis Uses: Medical Marijuana Treatment Centers (vertically integrated), Labs

Florida Cannabis Overview: Currently, Florida requires all license types other than testing labs to be grouped into a single vertically integrated Medical Marijuana Treatment Center license. As of now only a small number of MMTC licenses have been awarded and the state is not currently accepting applications for new licensees.

Florida will have a new batch of applications for new medical licenses soon, but it hasn’t opened up yet.

Miami Updates – We expect the medical marijuana ordinance on the agenda for the February meeting. The first step is very important. You must apply for a zone check with the city’s zoning administrator to show the proposed location is properly zoned and outside of any setback restrictions. If found to be in a compliant location, you receive a reservation letter that keeps your right to that spot for 3 months. There is a 1 mile setback between dispensaries, so this keeps anyone else from getting a reservation in a 1 mile radius for that time. This makes finding and sourcing your property extremely important!

Florida Cannabis & Commercial Real Estate Research

Florida currently only allows medical patients with the following medical conditions: Cancer, Epilepsy, Glaucoma, HIV/AIDS, Crohn’s disease, Parkinson’s disease, Multiple sclerosis (MS), Medical conditions of the same kind or class as or comparable to those above, Post-traumatic stress disorder(PTSD), Amyotrophic lateral sclerosis (ALS), a terminal condition diagnosed by a physician other than the qualified physician issuing the physician certification , chronic nonmalignant pain caused by a qualifying medical condition or that originates from a qualifying medical condition and persists beyond the usual course of that qualifying medical condition.

Uses: Medical Marijuana Treatment Centers, Labs

Distance Requirements: Set by local jurisdiction.

Caps: Florida is currently not accepting applications for new MMTC applicants. However once the number of active qualified patients added to the medical marijuana use registry increases from 20,000 to 100,000, four additional MMTCs will be allowed within six months. For every 100,000 patients, four new facilities will be licensed.

Tax Rate: 6% state sales tax, plus any local tax

Jacksonville
Miami
Florida
Orlando
St. Petersburg
Tallahassee

Visit CREC Portal for more information on Florida real estate.

Rule Chapter: 64-4 Rule Chapter: 64-4Chapter Title: COMPASSIONATE USE

https://www.flrules.org/gateway/ChapterHome.asp?Chapter=64-4

Trusted Cannabis Professionals from CREC Directory

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Growing network of vetted cannabis professionals from attorneys to insurance to real estate agents. CREC Directory to be released soon!

Available Florida Cannabis Business & Property Listings

Review our Florida cannabis real estate for sale or lease below. We also have businesses in FL for sale with a cannabis license. Contact us for more information and sign up to be a buyer or a seller on our website to get started with your property in the state of Florida.

We can help you find a property in our network, even if not listed in our online inventory. Ask us how!

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