Florida awards seventh CBD license

Florida will award a business permit under its CBD-focused program to a company that challenged the state’s initial licensing decisions after barely losing out to a competitor.

The development moves Florida closer to settling more than a dozen administrative challenges lodged by companies that didn’t win one of five licenses to grow and sell CBD-based medicine as part of a law passed in 2014.

It also could help alleviate some supply concerns as the state transitions to a new full-strength medical marijuana program.

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