run away! run away!
very quickly, no, you don't need to repot it. dens in general like to be a bit pot bound. it was likely in the plastic pot at the nursery, and was put in the cache pot to make it look nice and keep it from tipping over. are there holes in the clay pot? if not, you will need to take it out of the clay to water it; don't let it sit in water. if it was shipped from FL, it's probably dried out; take it to the sink, pull the plastic pot out, and pour several cups of tepid water through it. it will run right out--that's fine. let it drain a few minutes and then it can go back in the clay pot.
do you have a window or are you under flourescents?
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"Apart from the utility of binomials for standardizing reference for effective communication,
Laelia Speciosa is a tad easier to pronounce and spell than its Atzec name
chichiltictepetzacuxochitl."
--Alec Pridgeon