This week I interviewed Brady Cobb, Founder, and CEO of Sunburn, a new Florida-based operator. We discussed why to invest in Florida cannabis and the unique approach Sunburn is taking in the Sunshine State.
Florida has a large—and growing—population of 22 million people with a thriving medical program. The state only has 22 licensed cannabis operators, compared to over 12,000 in California, making each license very valuable. Furthermore, they own a “super license” which gives them permission to cultivate, manufacture and sell cannabis.
Brady previously founded Bluma Wellness and sold it to Cresco for $213 million. Sunburn is his new venture positioned to capitalize on the current Florida landscape and thrive when Florida moves to adult-use sales. Florida gets over 120 million tourists each year. These visitors cannot currently buy legal cannabis, but this will change when the state flips to adult use--and this is on top of the normal increase seen when states transition.
Below is a link to the Twitter Spaces recording. Please click on the tweet and you will be able to play the attached recording from any mobile device.
If you are an accredited investor and interested in learning more about the company, please email me for further information.
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