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Florida nurseries post their required performance bonds

Medical Marijuana
Posted at 6:14 PM, Dec 09, 2015
and last updated 2015-12-09 18:14:00-05

TALLAHASSEE, Fla. (AP) - The nurseries selected to cultivate and distribute the first medical marijuana in Florida have posted their performance bonds. The Department of Health's deadline was Wednesday at the close of business.

The Office of Compassionate Care named the five nurseries on Nov. 23. They then had 10 business days to post the $5 million performance bonds.

The five nurseries are Hackney Nursery Company in Quincy (Northwest), Alachua's Chestnut Hill Tree Farm (Northeast),Costa Nursery Farms of Miami (Southeast), Alpha Foliage in Homestead (Southwest) and Winter Garden's Knox Nursery (Central).

The licensees must request cultivation authorization within the next 65 calendar days and then must begin dispensing low-THC cannabis within 210 calendar days of being granted authorization.

The Florida Legislature passed the Compassionate Medical Cannabis Act in 2014.