Florida's Resounding Approval: Voters Overwhelmingly Back Cannabis Legalization
Portfolio Pulse from Maureen Meehan
A survey conducted by the University of South Florida and Florida Atlantic University reveals broad support for marijuana legalization in Florida. Over 60% of respondents support adult-use cannabis, which is expected to appear on the 2024 ballot. Florida's Attorney General Ashley Moody opposes the initiative, criticizing the financial support it receives from Trulieve Cannabis Corp. (OTCQX: TCNNF). Trulieve’s CEO Kim Rivers has been accused by Moody of misrepresenting the ballot proposal.
September 07, 2023 | 3:13 pm
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Trulieve Cannabis Corp. is under scrutiny for its support of marijuana legalization in Florida. The company's CEO, Kim Rivers, has been accused by Florida's Attorney General of misrepresenting the ballot proposal.
The company's support for the marijuana legalization initiative and the subsequent accusations against its CEO could potentially harm its reputation and investor confidence, leading to a negative impact on its stock price.
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IMPORTANCE 75
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