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Legal Issues Author: Staff Editor Last Updated: Jun 13, 2014 - 2:55:19 PM



Entrepreneurs and Investors Interested in Florida's Medical Marijuana Industry Demand Insights into Florida's Regulatory Approach

By Staff Editor
Jun 13, 2014 - 2:50:46 PM



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(HealthNewsDigest.com) - MIAMI, June 13, 2014  -- The Florida Medical Marijuana Institute's Regulatory Seminars are popular with entrepreneurs and investors, doctors, lawyers and pharmacy owners across Florida, who seek insight into Florida's likely regulatory landscape.

"People ask us, 'How will your Regulatory Seminar address regulations that haven't yet been issued?'" says Jan Frel, director at the Florida MMTC Institute, a business education school offering Regulatory Seminars on June 21 and July 12 at the Adrienne Arsht Center in Downtown Miami. "There is an abundance of useful information to use as a guide for Florida's likely regulatory scenarios; the right mix of experts can provide invaluable business guidance." Regulatory seminars will be offered every three weeks through November.

The Institute draws its analysis from the Amendment 2 language on Florida's November ballot, the Compassionate Medical Cannabis Act approved by the Florida Legislature in May, regulatory approaches in other medical marijuana states, and current Florida statutes regulating related industries, such as the production and distribution of alcohol and pharmaceuticals.  "There is a lot Florida can learn from other states," says Daniel Curtis, president of the Institute. "There is an opportunity for Florida entrepreneurs to obtain a second mover advantage by studying the industry's development in other states."

Curtis and Frel believe the business upside for early entrants to be tremendous. The Florida Office of Economic and Demographic Research estimated the total number of medical marijuana patients in Florida could be as high as 1.3 million people, based on the prevalence of applicable medical conditions -- and that the industry's total market size could reach $5.6 billion in annual revenue. "The opportunity to serve pent-up demand in a virgin market, while improving the health of people with chronic conditions -- this is as good as it gets in business," says Frel.

Past speakers include:


--  Eric Stevens, finance director at the United for Care Amendment 2
campaign
--  Richard Blau, chair of GrayRobinson's Alcohol Beverage and Food
Department
--  Dave McCullick, California dispensary owner and Oaksterdam University
lecturer
--  Michael Grieco, marijuana defense attorney and former prosecutor
Visit www.floridammtc.org or call (754) 800-5846 to enroll or learn more.

Web Site: http://www.floridammtc.org

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