Libertarians Back Florida Cannabis Legalization, $5M From Hemp Execs To GOP: Green Waves In Red States
Portfolio Pulse from Nicolás Jose Rodriguez
The Libertarian Party of Florida has endorsed the adult-use cannabis legalization measure, signaling a shift in voter sentiment. Hemp executives have pledged $5M to Florida's GOP after Governor DeSantis vetoed a bill that would have impacted the hemp industry. Major cannabis companies like Trulieve, Curaleaf, and Verano are expanding their market presence in Florida. Verano and Curaleaf are set to report their Q2 results on August 7th, with expectations of lower-end revenue and EBITDA estimates.
July 16, 2024 | 2:19 am
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POSITIVE IMPACT
Trulieve Cannabis continues to expand its market presence in Florida with 140 locations, recently opening a new dispensary in Gulf Breeze.
Trulieve's expansion in Florida indicates strong market presence and growth potential, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Curaleaf Holdings is expected to report Q2 results on August 7th, with forecasts indicating revenue and adjusted EBITDA at the lower end of estimates.
Curaleaf's expected lower-end financial performance may result in a neutral short-term impact on its stock price, as investors await the actual results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Verano Holdings is also set to report Q2 results on August 7th, with similar expectations of revenue and adjusted EBITDA at the lower end of estimates.
Verano's anticipated lower-end financial performance may lead to a neutral short-term impact on its stock price, pending the actual results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70