'Trump Endorsing Florida Marijuana Legalization Initiative Would 'Guarantee Victory,' Top Ally Roger Stone Says' - Marijuana Moment
Portfolio Pulse from Benzinga Newsdesk
Roger Stone, a longtime ally of former President Donald Trump, believes that Trump's endorsement of a Florida marijuana legalization initiative would guarantee its victory. Trump has yet to take a definitive stance but has indicated he will make a statement soon. The initiative, Amendment 3, has mixed support and opposition, with significant financial backing on both sides. The measure would allow adults 21 and older to purchase and possess cannabis, potentially generating significant tax revenue for the state.
August 13, 2024 | 3:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Canopy Growth Corporation (CGC) may experience a positive short-term impact if Trump endorses the Florida marijuana legalization initiative, as it would open up a new market.
Canopy Growth Corporation stands to benefit from the potential legalization of marijuana in Florida, which would expand the market and increase sales opportunities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The ETFMG Alternative Harvest ETF (MJ) could see a positive impact if Trump endorses the Florida marijuana legalization initiative, as it would likely boost the overall cannabis market.
The ETFMG Alternative Harvest ETF includes a range of cannabis-related stocks. Legalization in Florida would likely boost the overall market, benefiting the ETF.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AdvisorShares Pure US Cannabis ETF (MSOS) could see a positive impact if Trump endorses the Florida marijuana legalization initiative, as it would likely boost the U.S. cannabis market.
The AdvisorShares Pure US Cannabis ETF focuses on U.S. cannabis companies. Legalization in Florida would likely boost the market, benefiting the ETF.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tilray Inc. (TLRY) could see a positive impact if Trump endorses the Florida marijuana legalization initiative, as it would likely boost the cannabis market in the state.
Tilray Inc. is a major player in the cannabis industry. An endorsement from Trump could lead to the legalization of marijuana in Florida, significantly expanding the market and benefiting companies like Tilray.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80