Florida’s Medical Marijuana Market Expected to Surpass $1 Billion by 2020 – News

Last year, Florida voters approved a pivotal expansion of the state’s highly restrictive medical marijuana program, a vital decision that has caused the system to rapidly bloom. While lawmakers have tried to keep legislation as limited as possible, their hesitation has been thwarted by the exploding number of registered patients and doctors.

This rapid growth now has financial experts estimating that the expansion will help Florida’s medical marijuana market to surpass $1 billion by 2020. The colossal estimate comes on the heels of the increasing number of doctors and patients registering to partake in the broadened system. There are now over 1,200 physicians signed up to recommend medical marijuana to patients, and the state’s Office of Medical Marijuana is approving about 20 of these licenses per day.

As for the amount of patients opting to join the bustling ranks of registered medical pot users, that number has nearly doubled from 16,760 to 31,051 since the program was expanded. In fact, growth has been so exponential that Governor Rick Scott signed a law enforcing a 90-day waiting period between visiting the doctor and obtaining a medical marijuana…

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