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Florida's largest marijuana company Trulieve has come out with new "Yes on 3" products to promote the recreational marijuana amendment on the ballot.
It's undoubtedly a disappointment for marijuana companies that have been steadily building their presence in Florida, including Trulieve Cannabis (OTC: TCNNF), Verano Holdings (OTC: VRNO.F), and ...
The company he referenced was Trulieve, a Florida-based marijuana company that supplies products to multiple states and is largely responsible for getting Amendment 3 on the ballot.
Florida Amendment 3 [1] was a proposed constitutional amendment to the Florida Constitution subject to a direct voter referendum on November 5, 2024, that would have legalized cannabis for possession, purchase, and recreational use in Florida for adults 21 years or older. The amendment achieved a majority 56% support among voters in the U.S ...
Cannabis in Florida is illegal for recreational use. Possession of up to 20 grams (3 ⁄ 4 oz) is a misdemeanor offense, punishable by up to a year in jail, a fine of up to $1000, and the suspension of one's driver's license. [1] Several cities and counties have enacted reforms to apply lesser penalties, however.
Trulieve is a business in the U.S. cannabis industry. It is considered the second largest in the segment, behind Curaleaf , with $1.2 billion in 2022 sales. [ 1 ] In 2021, after acquiring Canadian company Harvest, Trulieve became at the time the largest cannabis company in the world, [ 2 ] and claimed to be the most profitable.
Quincy-based Trulieve, which spent more than $150 million on Amendment 3 and is by far the state’s largest medical-marijuana operator, welcomed the competition.
Motivated by his younger brother Tim Morgan's paralysis and struggle with cancer, [5] Morgan has been involved in efforts to legalize medical marijuana in Florida since 2013. [22] [23] Medical marijuana appeared as 2016 Florida Amendment 2 on the November 2016 ballot. Morgan contributed to the "yes" efforts by donating $6.5 million along with ...