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Buy Alert! Issued for ticker: TGGI
60 Day hold recommended, marijuana now legal in the state of florida. This is the home state of TGGI. TGGI is expected to release a press deliver in the near future. Our chartist has concluded, this charts technical is primed for a breakout!
Florida Legislature passes low-grade medical marijuana bill
On the last day of the legislative session, the Senate passed the bill by a 30-9 vote. The bill, SB 1030, would allow doctors to prescribe a strain of marijuana known as “Charlotte’s Web,” which contains low amounts of tetrahydrocannabinol (THC) — which causes users to feel high. However, the marijuana does contain normal amounts of non-euphoric cannabidiol.
The strain of marijuana would be used by cancer patients and children with degenerative seizures.
Nationwide, legal medical marijuana represents a $1.53 billion market, according to Arcview Market Research, and it’s projected to swell to a $10.2 billion market in five years. Florida’s estimated medical marijuana market is $785 million, with an potential 260,000 patients. Orlando’s share would be $89.1 million, with 29,518 potential patients.
Scott has already said he would sign the bill, which allows four dispensaries in the state.
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