The State of Florida legalized smokable cannabis for medical purposes in March of 2019, and patients are taking full advantage of the added option. Since then, patients have purchased around 22,000 pounds of flower.
Operation of the licensed dispensary Trulieve is responsible for almost half of the medical cannabis market in the sunshine state. With over 300,000 card-carrying medical cannabis patients in Florida, putting money in dispensaries in the state could be an attractive option for investors who are interested in options outside of stocks.