Florida AG Goes After Trulieve CEO As She Lays Out Opposition To Marijuana Legalization Ballot Measure
Portfolio Pulse from Maureen Meehan
Florida's Attorney General Ashley Moody has submitted a brief to the state Supreme Court outlining her opposition to cannabis legalization appearing on the 2024 ballot. She criticized Trulieve Cannabis Corp. (OTCQX: TCNNF) for its support of the initiative, accusing the company and its CEO Kim Rivers of spreading misinformation. Moody argued that the initiative would not change the current cannabis market structure and accused Trulieve of using the amendment to entrench its monopoly.
June 27, 2023 | 6:02 pm
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Trulieve Cannabis Corp. is under scrutiny from Florida's Attorney General for its support of a cannabis legalization initiative. The AG's criticism could potentially harm the company's reputation and influence public perception.
The news directly mentions Trulieve Cannabis Corp. and its CEO, who are criticized by Florida's AG for their support of a cannabis legalization initiative. This negative publicity could potentially harm the company's reputation, influence public perception, and impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100