Planet 13 closed its previously announced sale of Planet 13 Florida, Inc. on Monday, following the previously announced approval from the Florida Office of Medical Marijuana Use in April. The Las Vegas-based vertically-integrated multi-state company sold 100% of the equity interests of Planet 13 Florida, which owns a medical marijuana treatment center license issued by the Florida Department of Health to SGW FL Enterprises, LLC, in exchange for $9 million.The wrapping up of the sale is a condition to the closing of Planet 13's pending acquisition of VidaCann, LLC.
Florida Governor Ron DeSantis cast doubt on the medical necessity of marijuana for at least some of the state's 850,000 registered patients. While speaking to supporters this week in a lead-up to the Jan.
Ron DeSantis reiterated his opposition to legalized marijuana at a presidential campaign event on Saturday in Iowa, stating concern that young children might get their hands on cannabis that could be adulterated with fentanyl.
The Florida legislature and office of Gov. Ron DeSantis estimate that legalizing cannabis could generate between $195.6 million and $431.3 million in annual sales tax revenue.