DeSantis-Backed Anti-Cannabis PACs 'Blew Through' $116K At Fundraiser, While Pro-Pot Group Holds $90M War Chest
Portfolio Pulse from Maureen Meehan
The Florida Freedom Fund, backed by Ron DeSantis, spent $116,000 at a fundraiser opposing cannabis legalization, outpacing its $41,000 in fundraising. Meanwhile, the pro-cannabis Smart & Safe Florida committee, heavily funded by Trulieve Cannabis Corp, has amassed $90.44 million.
September 19, 2024 | 12:49 pm
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POSITIVE IMPACT
Trulieve Cannabis Corp has significantly funded the pro-cannabis Smart & Safe Florida committee with $87.77 million, positioning it as a major player in the cannabis legalization effort.
Trulieve's substantial financial support for the cannabis legalization initiative indicates its strong influence and potential benefit from a successful campaign, likely boosting its market position.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Next Generation Energy Corporation contributed $25,000 to the Florida Freedom Fund, a DeSantis-backed anti-cannabis group, highlighting its involvement in the political landscape.
NGMC's donation to the anti-cannabis campaign shows its political engagement, but the impact on its stock is uncertain given the overall financial struggles of the campaign.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60