Forget Trump Vs. Harris – Florida's Biggest Election Battle Is Over Cannabis, And It's Costing Millions
Portfolio Pulse from Nicolás Jose Rodriguez
In Florida, cannabis legalization is the dominant issue in the 2024 election, with $68 million spent on ads for Amendment 3, compared to just $1.4 million for the presidential race. Trulieve Cannabis Corp. has invested $55 million in support of the amendment.
October 10, 2024 | 2:49 am
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Trulieve Cannabis Corp. has invested $55 million in support of Florida's Amendment 3 to legalize cannabis, indicating a strong commitment to expanding its market presence.
Trulieve's significant financial backing of Amendment 3 suggests a strategic move to capitalize on potential market growth if cannabis is legalized in Florida. This could positively impact their stock price as it aligns with their business expansion goals.
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