#18 - Why Florida is the BEST Cannabis Market (so far)

In this episode we explore Maneesh's thesis that Florida is the best cannabis market we've seen so far. Here's why: - The 3 levels of cannabis legality - which is the best for investors? - Why is every big company focusing on Florida? Profitability - Trulieve leads the industry in EBITDA margins and Earnings - What makes Florida such a profitable market? - Overview of Florida's rules and set-up - Vertical Integration: Forcing full Seed to Sale - Cultivation > Extraction > Processing > Distribution > Retail - Barriers to Entry - the impact of strict Vertical Integration - Why it is harder than people think to scale in Florida - Capturing high profit margins: what makes a business attractive - Transparency: OMMU data lets us see weekly sales - Rapid Growth: 170K to 300K patients in a single year - Doubling of product sold + flower introduced in 2019 - Full Rec: Legalize It Florida vs Regulate Florida - Will Michigan or Illinois surpass Florida in 2020?