DeSantis Rejects Voter Registration Extension During Hurricane Milton Evacuations; Cannabis Companies Close Operations
Portfolio Pulse from Maureen Meehan
Florida cannabis companies, including Cresco Labs, Trulieve Cannabis Corp., Ayr Wellness, and Verano Holdings, are closing operations due to Hurricane Milton. Despite the storm, Governor DeSantis refused to extend the voter registration deadline, affecting the upcoming elections and cannabis legalization vote.
October 10, 2024 | 6:37 pm
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NEGATIVE IMPACT
Ayr Wellness closed 56 stores and paused operations at its cultivation site in Florida due to Hurricane Milton.
Ayr Wellness' operational shutdowns in Florida due to the hurricane will likely affect its short-term business performance.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Cresco Labs closed nine dispensaries and a cultivation facility in Florida due to Hurricane Milton, impacting operations.
Cresco Labs' decision to close operations in Florida due to the hurricane will likely disrupt sales and revenue in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Trulieve Cannabis Corp. shut down 80 stores and halted deliveries in Florida due to Hurricane Milton, affecting business operations.
Trulieve's extensive closures and halted deliveries in Florida will likely lead to a significant short-term impact on its operations and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Verano Holdings closed 37 Müv dispensaries and plans more closures in Florida due to Hurricane Milton.
Verano Holdings' decision to close dispensaries in Florida due to the hurricane will likely disrupt its sales and operations in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85