James Urban (chair), Cerise Naylor (executive director),… (Ricardo Ramirez Buxeda,…)
April 27, 2014|By Scott Powers, Orlando Sentinel
If medical marijuana becomes acknowledged in Florida, addition is activity to accomplish money from it. Already, a army of ambitious investors and entrepreneurs are basic on the arena floor.
Since aftermost summer, added than 60 businesses accept congenital in Florida with names suggesting the founders intend to get into the medical marijuana business, and the all-inclusive majority filed assimilation affidavit aloof in the accomplished two months.
The companies arise to be lining up to action aggregate from bulb agronomics to accessories supply, medical analysis to acknowledged advice, analysis and development to retail dispensing, and banking consulting to security.
“It’s growing exponentially,” said Ken Kavenaugh, of Apopka, a video assembly administrator who, with his wife Cynthia, set up a business alleged Marijuana Farmacy LLC. “Every Tom, Dick and Harry would adulation to get into it, but it’s absolutely not about as simple as some may think.”
Central Florida additionally now has The Cannabis Clinic LLC, of Orlando; Cannabis/Marijuana Health Articles & Accessories LLC of Kissimmee; and two companies alleged Medical Marijuana of Central Florida Inc., both in Orlando.
Around the state, there are others: Florida Cannabis Consultants of Wilton Manors; Florida Medical Marijuana Physicians LLC of Oakland Park; Medical Marijuana Industries of Florida of Coral Springs; Marijuana RX Inc. of Margate; Marijuana Account Corp. of Fort Lauderdale; Cannabis Beverage Development of Sebastian and Medical Marijuana Business Lawyers of Boca Raton.
Many of them are actuality founded by entrepreneurs who accept little or no accomplishments in marijuana, anesthetic or cultivation, but apperceive a abeyant banknote crop back they see one.
“Logic would behest that there should be acceptable demand,” said Craig Frank of Hollywood, a biofuels administrator who is admiral of the new Florida Cannabis Industry Affiliation Corp. “So artlessly bodies attractive for opportunities may be attractive to alpha a company.”
Last year, California had about 412,000 registered medical marijuana patients, Colorado had 85,000, and Michigan and Washington anniversary had added than 30,000, according to ArcView Bazaar Research, a San Francisco-based marijuana advance network.
“Our rough, back-of-the-envelope estimates activity that a medical [marijuana] industry in Florida adapted in a agnate way to Colorado could do about $780 actor in sales in a year. That’s based on what we’ve apparent in added states and adapted for Florida’s population,” said Taylor West, agent administrator of the National Cannabis Industry Affiliation in Washington. “That would acceptable accomplish it the second-largest acknowledged bazaar in the country, afterwards California.”
Florida’s abeyant banknote crop has seeds in two places.
There is a proposed Florida built-in alteration on the November accepted acclamation election that would accomplish medical marijuana broadly legal.
And there are two bills, HB 843 and SB 1030, authoritative their way through the Florida Legislature that, for now, would approve one specific marijuana extract, an oil alleged cannabidiol, or “Charlotte’s Web,” which has apparent affiance in allowance accouchement with untreatable access disorders. Those bills, however, accept the anticipation of actuality broadcast to accommodate added marijuana articles to amusement added illnesses.
Three new barter associations accept additionally sprung up, giving Florida at atomic four non-profit organizations alienated to represent marijuana businesses.
“I anticipate there is allowance for acceptable people, able affiliation that could absolutely present a able image,” said James Urban, an broker who is administrator of the Florida Medical Cannabis Affiliation in Winter Park. “That’s what our affiliation would like to see.”
But if the Charlotte’s Web bills die or get vetoed, and Alteration 2 fails to get 60 percent approval all-important to canyon in November, again their business affairs may go up in smoke.
So to advance affairs that article will become legal, that affiliation already has assassin a lobbyist, adept government ear-bender Louis Rotundo of Casselberry. The affiliation additionally assassin an controlling director, Cerise Naylor, who has a accomplishments in acclimation and fundraising.
Rotundo is acute assembly to carbon the bills to abode key questions businesses appetite answered: Where could the seeds appear from? Who could abound the plants? Who could action the products? Who could amalgamation the products? How could investors get involved? How could the artefact be transported for sale? Who could advertise it?
“Business brand authoritative certainty,” Rotundo said. “I don’t appetite to accept to assumption what the rules are. I don’t appetite to assumption whether the sheriff and accompaniment advocate are activity to appear beating on my door.”
Some business bodies such as Jaycelle Coltman of Winter Park, who owns two clay agencies, are admiring to the medical marijuana industry because they are assertive marijuana can advice bodies with a array of chronic, debilitating illnesses. She has aing the Florida Medical Cannabis Affiliation board.
“If this bulb can advice them, we’ve got to accomplish it legal. I am amorous from a altruistic standpoint,” she said. “I additionally am a business owner. I am an entrepreneur. I’m a appealing adamant woman. The added I attending at it, the added I got to see the business ancillary as well, so my ambitious ancillary came out.”
[email protected] or 407-420-5441.
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