A handful of vertically integrated companies increased their stronghold on Florida’s fast-growing medical marijuana market in 2018, tripling the number of dispensaries they operate, as new business licensing stalled in the courts.
The greater Orlando area was one of the beneficiaries of what has become a certified “green rush” in Florida. Medical marijuana business has quickly grown across the state of Florida, with the drug being more accessible to patients.
The dispensary landscape is still peppered with small operations that founded the industry, but Curaleaf has staked out a lot of territory the past few months, rivaling only Harvest’s real estate. Both dispensary companies have businesses in several states.
Like many others in the Cannabis Industry, The CEO of Curaleaf Holdings, Inc. (CSE: CURA) (OTCBB: CURLF), Joe Lusardi, was a reluctant cannabis pioneer. That is hard to imagine now that Curaleaf currently operates 34 dispensaries, 12 cultivation sites and 10 processing sites and focuses on highly populated, limited license states including Florida, Massachusetts, New Jersey and New York.
OLD SEMINOLE HEIGHTS — Cannabis operator and medical marijuana dispensary, Curaleaf, opened last week in the heart of Old Seminole Heights. Located at 6421 N Florida Ave, Suite A, the 2,000 square foot space marks Curaleaf’s 17th Florida storefront and its fourth in the bay area joining St. Petersburg, Lakeland, and Palm Harbor. (Tampa Bay Times)
In its first earnings following its listing in Canada earlier this year, U.S.-based cannabis producer Curaleaf Holdings Inc. nearly tripled its revenue but swung to a substantial loss when it posted earnings Monday. (MarketWatch)
Tallahassee’s newest, largest medical marijuana dispensary sits in a three-story building at one of Midtown’s busiest intersections. (Tallahassee Democrat)
The cannabis industry is growing at a rapid rate, and there a few distinct companies setting themselves apart as true leaders of an entirely new landscape. Curaleaf, Inc. operates 31 dispensaries in 11 states, boasting 250 unique skus, from flower to edibles to concentrates, ensuring each patient gets the exact desired outcome they are seeking, and recently launched a CBD line to further extend their reach. (CFN Media Group)
The Tampa Bay area has new medical marijuana dispensary in the evolving Seminole Heights neighborhood. The Wakefield, Massachusetts-based medical marijuana dispensary operator Curaleaf Holdings Inc. has opened a dispensary in a multi-tenant building at 6421 North Florida Ave. (Tampa Bay Business Journal)
Half of the 10 biggest marijuana companies trading in Canada are now U.S. based, including MedMen Enterprises Inc. (MMEN.CD) of Los Angeles, Curaleaf Holdings Inc. (CURA.CD) of Wakefield, Mass., and Green Thumb Industries Inc. (GTII.CD) of Chicago. Quincy, Florida-based Trulieve Cannabis Corp. (TRUL.CD) and Boulder, Colorado-based Charlotte’s Web Holdings Inc. (CWEB.CD) are among the top 10. (BNN Bloomberg)