Florida Cannabis Legalization Gains Momentum: 64% Of Likely Voters Support Amendment
Portfolio Pulse from Maureen Meehan
A recent poll shows 64% of Florida voters support legalizing recreational marijuana, with Amendment 3 set for a vote in November 2024. The pro-cannabis campaign, led by Smart and Safe Florida, has raised $71.8 million, primarily funded by Trulieve Cannabis Corp. (OTC:TCNNF).
August 29, 2024 | 11:13 pm
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POSITIVE IMPACT
Trulieve Cannabis Corp. is a major financial backer of the pro-cannabis campaign in Florida, contributing significantly to the $71.8 million raised. The potential legalization could boost Trulieve's market position and revenues.
Trulieve Cannabis Corp. is the largest financial contributor to the pro-cannabis campaign in Florida, indicating a vested interest in the outcome of Amendment 3. If the amendment passes, it could lead to increased sales and market expansion for Trulieve, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90