This year is shaping up to be a very interesting year for Florida and its economy. There are several new laws that went into effect on January 1, 2017 in the state that business owners need to be aware of. These new Florida laws are listed below.
Effective Jan. 3, 2017, access to medical cannabis in Florida is expanded as a result of the passage of Amendment 2. The law expands the realm of medical conditions that qualify for medical marijuana which now includes individuals suffering from HIV/AIDS, glaucoma, post-traumatic stress disorder, ALS, Crohn’s disease, Parkinson’s disease, multiple sclerosis, and other similar conditions. Medical marijuana will also be available at stronger doses. Lawmakers are still developing rules to govern a statewide system to regulate the harvesting, licensing, and selling of medical marijuana.
Minimum Wage Increase
Beginning Jan. 1, 2017, minimum wage is Florida increased by 5 cents to $8.10.
SB 422 states that health insurance policies that cover opioid painkillers cannot require the use of non-labeled opioid products over those products that do have the labeling. Also, only if insurance policies already have a pre-authorization requirement for opioid painkillers without the abuse-deterrent labeling, they can impose the same requirement for painkillers with the labeling. This law is effective Jan. 1, 2017.
Cough Syrup Sales to Minors
SB 938 prohibits manufacturers, distributors, retailers or its employees from selling a drug product with the ingredient dextromethorphan to minors. Dextromethorphan is found in many cough medicines like Robitussin and NyQuil. Individuals presumed to be between the ages of 18-25 must show identification to verify their age before purchase.
Registered Agent for Financial Institutions
Effective Jan. 1, 2017, financial institutions may designate a single location or registered agent for delivery of service of process, notice, levy, or demand. If a financial institution has no registered agent, service may be made to any officer, director or business agent at its principal place of business or any other branch, office or place of business in Florida.
If you believe these laws will effect your business and you need moreclarification, feel free to contact us at (954)543-0852 to discuss further.