DeSantis Battles $149M Cannabis Legalization Push In Florida's Fiercest Amendment Fight Yet
Portfolio Pulse from Maureen Meehan
The battle over cannabis legalization in Florida intensifies as Governor Ron DeSantis opposes Amendment 3, which aims to legalize recreational cannabis. The pro-legalization campaign, led by Smart & Safe Florida and heavily funded by Trulieve Cannabis Corp., has raised significant funds, making it the best-funded cannabis initiative in US history. DeSantis has used state resources to support his anti-cannabis stance, sparking controversy.
October 28, 2024 | 10:21 pm
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Trulieve Cannabis Corp. has significantly funded the pro-cannabis campaign in Florida, contributing $28 million recently. This positions Trulieve as a major player in the legalization effort, potentially boosting its market presence if Amendment 3 passes.
Trulieve's substantial financial support for the cannabis legalization campaign in Florida indicates its vested interest in the outcome. If Amendment 3 passes, it could lead to increased business opportunities and market expansion for Trulieve, positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90