The situation is looking gloomy for cannabis companies in the Sunshine State.
Republican Governor Ron DeSantis thinks medical cannabis businesses should pay a lot more for the chance to legally operate in in Florida.
The state “should charge these people more,” DeSantis said, according to the Tampa Bay Times. “I mean, these are very valuable licenses. I would charge them an arm and a leg. I mean, everybody wants these licenses.”
DeSantis didn't specify whether he meant medical marijuana companies that are already operating in the state, such as Trulieve Cannabis Corp. (OTCQX: TCNNF), or companies that have yet to do business in Florida but are interested.
Either way, DeSantis' plan is bound to spark chatter among the state's major companies that are both headquartered and established there, including Red White & Bloom (OTCQX: RWBYF), Columbia Care (OTCQX: CCHWF), Curaleaf Holdings (OTCQX: CURLF), Fluent (NASDAQ: FLNT), and Verano Holdings (OTCQX: VRNOF)