GOP's DeSantis Takes Issue With Cannabis Odor In Public Places, Says Legalization Proposal Should Be More Restrictive
Portfolio Pulse from Nina Zdinjak
Florida Governor Ron DeSantis expressed concerns about the proposed recreational cannabis legalization measure in Florida, emphasizing the need for more restrictive regulations, particularly regarding public consumption near schools. The measure, led by Smart & Safe Florida and funded by Trulieve Cannabis Corp. (OTCQX:TCNNF), has been challenged in the Florida Supreme Court by Attorney General Ashley Moody. Despite the legal challenges, a recent poll shows strong voter support for legalization. Meanwhile, Florida lawmakers have approved a bill imposing THC content restrictions on hemp extracts.
March 11, 2024 | 2:23 pm
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Trulieve Cannabis Corp. is directly involved in funding the proposed recreational cannabis legalization measure in Florida, which is facing criticism and legal challenges.
Trulieve Cannabis Corp.'s involvement in funding the legalization measure could impact its stock due to the ongoing legal challenges and public debate. However, the strong voter support for legalization and the company's proactive stance may mitigate negative impacts, leading to a neutral short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80