Marijuana industry continues to sprout in Florida | Business Observer

Cannabis-related stores have certainly taken hold in Florida. The billion dollar industry has not slowed down, which is more than ever clear from the amount of growth that the companies in the marijuana industry are experiencing.

Illinois-based Cresco Labs Inc. recently opened a new medical cannabis dispensary in Cape Coral. The company is a multi-state integrated operator and wholesaler of branded cannabis products. The new store, Sunnyside Cape Coral, is the company’s first in northern Lee County. It is located at 1897 Del Prado Blvd. S., according to a statement.

“We are excited to continue expanding our retail presence on Florida’s west coast with the opening of Sunnyside Cape Coral,” Cris Rivera, Florida regional president, said in a statement. “Sunnyside Cape Coral is a non-judgmental home of the best selection of medical products in Southwest Florida. Our bright and inviting store offers easy and convenient shopping, helpful education from wellness advisors, and a wide assortment of products of premium cannabis. We look forward to welcoming patients from the Cape Coral area to our new location.”

The store will serve patients who have a state-issued medical card. The company operates 17 stores in the state, including locations in Avon Park, Bonita Springs, Boynton Beach, Cape Coral, Clearwater, Fort Lauderdale, Jacksonville Beach, Lady Lake, North Miami, Ocala, Oakland Park, Orlando (Fern Park), Pensacola. , Port St. Lucie, Sarasota, St. Petersburg and Tallahassee.

Read more: The company offers a dose of technology on the complicated side of banking to the marijuana industry

Palmetto-based hemp retailer Your CBD Store–Sunmed also recently reported some growth in the form of 37 new franchise locations in the US. Growth was recorded in the first two quarters of this year. These locations are expected to open in the coming months. With the new locations, the company is now in 39 states and two counties.

Your CBD Shop also announced a partnership with the Professional Pickleball Association to launch their new line of topical CBD.

Read more: The billion dollar industry is flourishing as the acceptance of marijuana is becoming more widespread

“This is an exciting time to be CBD’s #1 retail franchise, and as a company we’re proud of the footprint we’re creating in this industry,” says Thomas Scott, vice president of franchise development for Your CBD Store, in a communicated . “Our store owners and affiliates work together to educate our customer base about the benefits of CBD for their health and wellness journeys, and as we continue to expand through research collaborations and new product launches, We lend our voice to empowering modern wellness by keeping our audience engaged and informed.”

There are over 500 Your CBD stores, of which over 300 are franchise locations.

“Leading research and development within our rapidly growing industry, our goal is to continue to meet our consumers where they are in their wellness journeys to truly deliver the best possible product at the highest quality,” he says CEO Marcus Quinn. “We’ve launched 2022 and exceeded our own expectations. We’re excited for what the rest of this year has in store.”

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