DeSantis And Moody's War On Weed Loses Steam: Poll Shows Florida Overwhelmingly Supports Legalization
Portfolio Pulse from Maureen Meehan
A University of North Florida poll indicates strong support for a marijuana legalization initiative in Florida, with 70% of voters in favor. The initiative, financially backed by Trulieve Cannabis Corp. (OTCQX: TCNNF) with nearly $40 million, faces legal challenges from Attorney General Ashley Moody and opposition from Gov. Ron DeSantis. Despite this, the initiative has collected enough signatures for a 2024 ballot placement. Florida's legalization could generate significant sales tax revenue, estimated between $195.6 million and $431.3 million annually.
November 30, 2023 | 8:57 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Trulieve Cannabis Corp. is the primary financial supporter of the Florida marijuana legalization initiative, contributing nearly $40 million. The initiative has strong voter support but faces legal challenges from state officials.
Trulieve Cannabis Corp.'s significant financial backing of the legalization initiative and the strong public support suggest a positive impact on the company if the initiative succeeds. However, the ongoing legal challenges and opposition from state officials introduce uncertainty, which is reflected in the confidence score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90