DeSantis-Backed Group Launches To Defeat Cannabis Legalization In Florida, GOP Bigwigs Are All In
Portfolio Pulse from Maureen Meehan
A DeSantis-backed coalition has launched a campaign to defeat Florida's cannabis legalization initiative, Amendment 3, which needs 60% voter support to pass in November 2024. Despite strong opposition from Gov. Ron DeSantis and the Republican Party, the amendment has significant support, including from Florida's largest medical marijuana company, Trulieve (OTC:TCNNF), which has invested over $40 million in the campaign.
July 21, 2024 | 4:51 pm
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POSITIVE IMPACT
Trulieve (OTC:TCNNF) has invested over $40 million to support Florida's cannabis legalization initiative, Amendment 3. The outcome of the November 2024 vote could significantly impact the company's operations and market position.
Trulieve's substantial financial support for Amendment 3 indicates a strong vested interest in the outcome. If the amendment passes, it could lead to significant growth opportunities for the company in a newly legalized market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80