THC Cap Proposal Gains Momentum In Florida, Virginia To Treat Weed Like Alcohol As New York Cannabis Regulators Face Another Lawsuit
Portfolio Pulse from Jelena Martinovic
A Florida bill proposing to cap delta-9 THC levels in cannabis products gains momentum, with amendments setting limits at 30% for pre-rolls and whole buds, and 60% for processed substances. The bill, backed by Trulieve Cannabis Corp., progresses as New York faces a lawsuit from women-owned social equity cannabis companies over the licensing process. Meanwhile, Virginia considers treating cannabis like alcohol, proposing a regulated marketplace to start in 2025.
February 02, 2024 | 8:44 pm
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Trulieve Cannabis Corp. backs a Florida bill to cap THC levels in cannabis products, potentially affecting its product offerings and market strategy in Florida.
Trulieve Cannabis Corp.'s backing of the THC cap bill in Florida suggests a strategic alignment with the proposed regulation, which could influence its product offerings and market positioning. However, the impact on stock price is uncertain due to the mixed implications of regulatory compliance and potential market limitations.
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