Florida’s (USA) medical cannabis sales continuously increase, even during the pandemic. The resilience of the cannabis demand was demonstrated during the corona virus crisis, as demand remained at high levels at all times.

Key facts – Medical cannabis market booms despite the pandemic

• During the first 10 weeks of 2020, dispensaries in Florida sold over 646.4 kg of medical cannabis per week
• During the seven-day period beginning March 13 an increase of 38% from the previous week was noted in dispensaries with the sales reaching 1032 kg this week
• During the week beginning April 17, sales in Florida have been increases, with patients purchasing 1113 kg of flower in total
• Medical cannabis flower sales remained higher than at any point before the COVID-19 pandemic
• The increase in demand is due to new patients entering the market and to an increase in consumption among existing patients
• Since the beginning of the year it is recorded an increase of 43% in sales in medical cannabis flower
• The state classified medical cannabis dispensaries as essential businesses early in the pandemic, and medical cannabis retailers have been allowed to deliver product to patients since the market launched

Florida’s Office of Medical Marijuana Use didn’t take any substantive measures to bolster the industry amid the corona virus crisis besides allowing existing medical cannabis patients to renew their registrations via teleconference instead of in person.

The overall conclusion is that Florida’s medical cannabis market booms despite the pandemic.

During the pandemic Covid-19 in Florida, medical cannabis industry proved to be resilient, indicating that this kind of products could be classified as “essential” and therefore present an opportunity for investments in the US and in the emerging EU medical cannabis market.

VK PREMIUM offers an enhanced palette of consulting services to facilitate medical cannabis investments in Greece, including strategy & planning, products portfolio as of current & future market trends, land selection and licensing, grants utilizing Investment Incentive Law, design & construction of the facility in accordance with EU GMP & GACP standards and distribution strategies to secure sales success in foreign markets.

Overall, VK PREMIUM is a trustworthy partner with the expertise and long-term success records, to facilitate the deployment of Medical Cannabis investments in Greece.

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