Florida Bill Proposes THC Limits in Cannabis Amid Legalization Debates

1.5 min readPublished On: January 9th, 2024By

LOS ANGELES- In a move that could significantly impact the cannabis industry in Florida, State Representative Ralph Massullo has introduced a bill proposing to limit the potency of THC in cannabis products. This legislative effort comes amidst ongoing uncertainty about the legalization of adult-use cannabis in the state and debates over market control and regulatory measures.

The bill, if passed, would set a cap on THC levels at 10% for smoked cannabis products and 60% for concentrates. Furthermore, cannabis edibles would face a limit of 200 milligrams of THC per package, with a maximum of 10 milligrams per serving. This proposal diverges from current trends in other states with legal adult-use cannabis markets, where THC levels often exceed 15%.

Significantly, the proposed THC limits would apply only to adult-use cannabis, not affecting the existing medical cannabis market in Florida. This distinction could potentially give medical cannabis brands a substantial advantage in the state.

The fate of the bill is closely tied to the broader discussion around the legalization of adult-use cannabis in Florida. A campaign named Smart & Safe Florida has been actively working to get an adult-use legalization measure on the November 2024 ballot. This campaign, largely funded by Trulieve, a multi-state cannabis company, has raised approximately $39.5 million. However, the initiative faces a constitutional challenge from Florida Attorney General Ashley Moody, who has raised concerns about potential market monopolization.

The bill’s prospects remain uncertain. Previous efforts to impose a 10% THC limit on cannabis flowers have not been successful in the state. To be enacted, any such measure would require the support of 60% of voters. The ongoing debate highlights the complexities of cannabis legalization and regulation, balancing public health concerns, industry interests, and consumer preferences. As the situation evolves, the cannabis industry and Florida voters will be watching closely.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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