'Terrible Plan': Billionaire Ken Griffin Donates $12M To Defeat Florida's Cannabis Legalization Measure
Portfolio Pulse from Maureen Meehan
Billionaire Ken Griffin has donated $12 million to oppose Florida's cannabis legalization measure, Amendment 3. Griffin argues that the measure would create a monopoly for large marijuana dispensaries, increase youth addiction, and lead to more crime. Trulieve Cannabis Corp, a Florida-based medical marijuana company, has donated nearly $55 million to support the measure.
August 05, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Trulieve Cannabis Corp has donated nearly $55 million to support Florida's cannabis legalization measure, Amendment 3. The measure is facing strong opposition from billionaire Ken Griffin, who has donated $12 million to defeat it.
Trulieve Cannabis Corp is directly involved in the campaign for Amendment 3, having donated a significant amount of money. The opposition from Ken Griffin could create uncertainty around the measure, impacting Trulieve's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100