Miami Herald Endorses Florida Cannabis Legalization, Highlights Failed Drug War, Revenue Potential
Portfolio Pulse from Maureen Meehan
The Miami Herald endorses Florida's cannabis legalization initiative, Amendment 3, highlighting the failed drug war and potential tax revenue. The amendment could generate significant sales tax revenue and offers legal protections for recreational users. Concerns include market control by existing companies like Trulieve Cannabis Corp.
October 09, 2024 | 1:13 pm
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Trulieve Cannabis Corp. could gain significant market control if Florida's Amendment 3 passes, as critics highlight its potential dominance in the recreational cannabis market.
The Miami Herald's endorsement of Amendment 3 highlights concerns about Trulieve's potential market dominance. If the amendment passes, Trulieve could benefit from increased market share and revenue, as it is already a major player in Florida's medical cannabis market.
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