Pot Industry High on Florida’s Marijuana Legalization Referendum

When the Florida Supreme Court earlier this month approved a November referendum on legalizing marijuana in the Sunshine State, it set off celebrations around the national cannabis industry.

While 24 states have legalized recreational marijuana so far and at least 38 have legalized its medical use, Florida presents the industry with a jewel of an opportunity. The Sunshine State has one of the fastest-growing populations in the U.S., a well-established medical marijuana business with more than 800,000 patients, and is one of the world’s top tourist destinations. Some 135 million people visited Florida last year from both domestic and international destinations.