Florida Supreme Court Extends Deadline For Attorney General In Cannabis Ballot Challenge
Portfolio Pulse from Maureen Meehan
The Florida Supreme Court has granted a two-week extension to Attorney General Ashley Moody to submit her brief opposing a proposed marijuana legalization initiative. The Smart & Safe Florida campaign, which seeks to legalize recreational marijuana, has gathered enough valid signatures to meet the qualification requirements for the 2024 ballot. Florida-based medical cannabis company Trulieve Cannabis Corp. has invested at least $30 million into the campaign.
June 09, 2023 | 8:04 pm
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Trulieve Cannabis Corp. has invested at least $30 million into the Smart & Safe Florida campaign, which seeks to legalize recreational marijuana in the state.
Trulieve Cannabis Corp.'s significant investment in the Smart & Safe Florida campaign indicates the company's interest in the legalization of recreational marijuana in the state. If the initiative is successful, it could lead to increased demand for Trulieve's products and services, potentially boosting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100