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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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
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