AltMed Raises $35.4 Million To Fuel Growth In Florida, Arizona & Internationally

Marijuana is big business

FLORIDA: Alternative Medical Enterprises, a fully integrated company that brings pharmaceutical industry precision to the development, production and dispensing of medical cannabis, announced it has closed a private placement financing of $35.4 million with an affiliate of MainLine Investment Partners and other investors. “This Financing will help us to conduct a robust launch in the massive medical marijuana marketplace Read the full article…

Judge Rejects Lottery For Florida Medical Marijuana Growers, Orders Health Department To Write New Rules

Judge W. David Watkins of the Florida Division of Administrative Hearings rejected the medical marijuana lottery for growers, a decision that could also impact when the marijuana will be available to patients.

FLORIDA:  From the beginning, AltMed, a Lakewood Ranch-based medical marijuana company, has preferred a merit-based selection process over the controversial lottery to pick the nurseries that would grow and dispense this type of cannabis. After an administrative law judge’s ruling on Friday to reject the lottery, AltMed co-executive chairman Michael Smullen said he is “very Read the full article…