BREAKING: Florida Announces CBD Program Winners

Florida CBD Map

The Florida Health Department has awarded 5 licenses for low-THC cannabis oil that is part of the state’s Compassionate Use medical marijuana program after reviewing 28 applications. The program authorizes low-THC cannabis oil to treat intractable epilepsy and advanced cancer.  The full list of letters sent to the winners and those who were unsuccessful can be seen here. 28 applications by 24 companies were submitted in July. Only one multiple applicant, Alpha Foliage, was successful.  Most of the rejection letters were standard, but a few had issues with security clearance or financial disclosures.  The program required that applicants have at least 30 years of continuous operations as a nursery in Florida.  The complete rules are here.

The department just issued this press release:

DATE: Nov, 23 2015

DEPARTMENT ANNOUNCES LOW-THC CANNABIS DISPENSING ORGANIZATIONS

Five organizations approved

Contact:
Communications Office
NewsMedia@flhealth.gov
(850) 245-4111

Tallahassee, Fla.

Today, the Florida Department of Health announced the five dispensing organizations approved to provide patients with intractable epilepsy and people with advanced cancer access to low-THC cannabis. The five approved organizations are:

Northwest Region – Hackney Nursery Company

Northeast Region – Chestnut Hill Tree Farm, LLC

Central Region – Knox Nursery, Inc.

Southwest Region – Alpha Foliage, Inc.

Southeast Region – Costa Nursery Farms, LLC

The process and timeline for cultivation, processing and dispensing to patients is set forth in rule and statute. The approved organizations have 10 business days to post a $5 million performance bond. If an approved applicant fails to post the performance bond within the required timeframe, the applicant with the next highest score in the dispensing region will be selected and notified. Approved dispensing organizations must request cultivation authority within 75 days of being notified of their selection and begin cultivation within 210 days of receiving cultivation authority.

Applications, reviewer score cards, a map of approved dispensing organizations and approval and denial letters are available for public viewing here.

The department has initiated administrative rulemaking to establish the protocol for the inspection of the five dispensing organizations. A workshop will be held on Dec. 9 at the Department of Health in Tallahassee.

For more information about the Office of Compassionate Use, please visit http://www.floridahealth.gov/programs-and-services/office-of-compassionate-use/

About the Florida Department of Health

The department works to protect, promote and improve the health of all people in Florida through integrated state, county and community efforts.

Follow us on Twitter at @HealthyFla and on Facebook. For more information about the Florida Department of Health, please visit www.FloridaHealth.gov.

Breaking News by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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