Florida Cannabis Activists Gather Enough Signatures To Put Legalization On 2024 Ballot
Portfolio Pulse from Jelena Martinovic
Florida activists have collected enough signatures to put marijuana legalization on the 2024 ballot. State officials verified 967,528 petition signatures, surpassing the required 891,523. Florida-based medical cannabis company Trulieve Cannabis Corp. (OTCQX:TCNNF) has invested at least $30 million into the campaign.

June 01, 2023 | 4:25 pm
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Trulieve Cannabis Corp. (OTCQX:TCNNF) has invested at least $30 million into the Florida marijuana legalization campaign, which has gathered enough signatures to be on the 2024 ballot.
Trulieve Cannabis Corp. has invested a significant amount of money into the Florida marijuana legalization campaign. With enough signatures gathered to put the initiative on the 2024 ballot, this development could potentially lead to an expansion of the cannabis market in Florida, benefiting Trulieve as a major player in the state's medical cannabis industry. This could positively impact the company's stock price in the short term.
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