The Fight For Florida's Green Gold: Will 2024 See Marijuana Legalized?
Portfolio Pulse from Joana Scopel
Florida-based Trulieve Cannabis Corp. (OTCEM: TRUL) (OTCQX:TCNNF) is backing an initiative by Smart & Safe Florida to put marijuana legalization on the state's 2024 ballot. The initiative faces opposition from Florida Attorney General Ashley Moody, who argues that the measure misleads voters and violates the state's single-subject rule for ballot measures. Despite this, the campaign remains optimistic that the court will side with them. If approved, the initiative could generate between $195.6 million and $431.3 million in new sales tax revenue annually.
July 20, 2023 | 8:11 pm
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POSITIVE IMPACT
Trulieve Cannabis Corp. is backing an initiative to legalize marijuana in Florida. If successful, this could significantly boost the company's business in the state, potentially leading to increased revenues and a positive impact on its stock price.
Trulieve Cannabis Corp. is directly involved in the initiative to legalize marijuana in Florida. If the initiative is successful, it could lead to a significant increase in the company's customer base and revenues, which would likely have a positive impact on its stock price. However, the initiative faces opposition and its success is not guaranteed, hence the confidence score of 75.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100