Medical Marijuana Card has been legalized for use by qualified patients in Florida. This uptake of Cannabis has increased the demand for this remarkable healing drug with many healing properties.
Even with over 160 dispensaries in Florida, the interest is opening more is still growing, and all those who are interested need to understand the required pre-requisite and legal process to get the license to own and run a Medical Marijuana treatment center (MMTC).
The market for Medical Marijuana is booming in Florida, and it is a worthy and profitable venture. Many people have shown keen interest in making the natural drug accessible to patients needing it to relieve their debilitating symptoms. Do you reside in Florida and wish to own a Medical Marijuana Card dispensary? This article will give you all the information you need to process with your interest.
In the United States of America, Medical Marijuana has become famous for several reasons, especially its effectiveness in managing and reducing the severity of symptoms of many serious chronic and acute clinical conditions.
Many patients with severe symptoms who have received Marijuana treatment have stated excellent results and are hailing it as an excellent alternative drug. Since the drug’s legalization in some States, patients with Medical Cards can now purchase their Marijuana card in sarasota prescription from a Medical Marijuana treatment center.
The Market for Medical Marijuana Card is Booming in Florida
These centers are popularly known as Marijuana dispensaries in Florida. In addition to these dispensaries, there are many Cannabis service centers in Florida, and one of the popular ones with branches in Naples, Sarasota, Melbourne, and St. Petersburg is My Florida Green.
Medical Marijuana has shown remarkable healing abilities and effects on symptoms that are safer than other treatment forms, making it a great alternative drug for many health conditions.
As a result, more patients are seeking Medical Marijuana, and the market for the drug is growing rapidly. According to Forbes, the Medical Marijuana Card market’s worth has grown from $7.2 billion in 2016 to $13.3 billion in 2020.
States that have made the consumption of Cannabis legal have gained benefits such as more job creation for their citizens and a source of higher tax revenue for the state.
Florida is one of such states that has enjoyed the benefits of legalizing Marijuana. My Florida Green has put together details of all the requirements to open a dispensary in Florida. Please continue reading and get all the information needed to open your dispensary in Florida.
All you need to Know About Opening a Dispensary in Florida
The application process to issue the license to own a dispensary is handled by the Florida Office of Medical Marijuana (OMMU). The first step to do is to get enlightened about the drug itself. Any interested individual is advised to know the origin, composition, uses, benefits, and dangers of using Marijuana. Then, you have to prepare your business plan.
Your business plan should detail how you intend to plant, grow, harvest, and process. The Medical Marijuana Card plant to the standard recommended for the drug. The business plan should also show all management plans such as staffing process and staff management, clients’ management, environmental management, and budgets for the business.
After this, you must set aside some money for the whole application and acceptance process. Part of the amount to be set aside is an acceptance fee of $60,830. This may change over time, but it was the amount paid as an acceptance fee for the approved dispensary license to own medical Marijuana treating center (MMTC).
A Step-by-Step Guide to Opening a Dispensary in Florida
- Liaise with the Florida Department of Health
The Florida Department of Health is the unit you must visit once you have finalized that you want to open a Marijuana dispensary. You will be required to start an application with them if they allow new applications. The department will provide a complete list of items and documents you will need to have as a dispensary owner.
- License Application Fee in Florida
Just like the patients need approval in the form of a Medical Marijuana Card to receive or possess Marijuana. The same rules apply to potential dispensary owners. You need to pay a non-refundable license application fee. Which is usually combined with your annual license fee for the first year. You will have to pay approximately $60,036 to the Florida Department of Health for an application.
The following requirements are also necessary to have a dispensary in Florida.
- Be an Existing Business: You must already be a business owner in Florida before applying to own a dispensary. The government has different reasons for putting this as a criterion. First, you need the financial strength to run a cost-intensive project like opening a Medical Marijuana dispensary.
- Nursery Certificate: You will also need a Nursery Certificate to own a dispensary in Florida. The Nursery Certificate follows the Cannabis Act that requires dispensary owners to have a Nursery Licence. That shows they have the permit to plant and cultivate Marijuana Bonita Springs to distribute to other dispensaries and clinics.
- Financial stability: Showing financial strength is also one of the requirements. You will be asked to demonstrate your financial ability to ensure. The going concern for their dispensary for at least two years.
You must have a Sound Security System to Prevent Medical Marijuana Card Products
Efficient Inventory System: You must have a sound security system to prevent Medical Marijuana products from being stolen. There are strict regulations to prevent unauthorized patients from getting Medical Marijuana. So, if your security system is very porous, you risk the business.
You thus won’t get the required approval to run a dispensary shop. You also need to maintain a sound inventory system that keeps information on outstanding balances and what has been sold. This will also check possibilities of in-house theft.
You have to select a location for your dispensary that is easily accessible and convenient for patients that need to purchase Marijuana. You ought to have passed a security level two background check. Your dispensary should have a qualified Marijuana expert to supervise the process of selling Cannabis to patients.
And your management plan should be diverse and inclusive. You should include employing veterans, minority groups, and the disabled and involving minorities, minority businesses, and veteran businesses.
You can reach out to our experts at My Florida Green if you need more information about the process.