Ken Griffin's $12M Donation And DeSantis's Anti-Cannabis PACs Face Off Against Pro-Legalization Group's $72M War Chest
Portfolio Pulse from Maureen Meehan
The battle over Florida's cannabis legalization initiative, Amendment 3, is heating up. The pro-cannabis campaign, led by Smart and Safe Florida, has raised $71.8 million, largely from Trulieve, while opposition PACs have raised $14.5 million, bolstered by Ken Griffin's $12 million donation. Polls show mixed support for the amendment.
August 21, 2024 | 2:23 pm
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POSITIVE IMPACT
Trulieve has significantly contributed to the pro-cannabis campaign in Florida, donating nearly $65 million to support Amendment 3. This positions Trulieve as a major player in the potential legalization of adult-use cannabis in Florida.
Trulieve's substantial financial support for the pro-cannabis campaign indicates its vested interest in the legalization of adult-use cannabis in Florida. If successful, this could expand Trulieve's market and revenue potential, positively impacting its stock.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90