Florida Local News, Politics, Sports & Business

Pot corporations are pouring cash into Florida's leisure marijuana initiative

Trulieve, the state’s largest medical-marijuana firm, has contributed practically $50 million to the trouble to cross a constitutional modification to authorize leisure marijuana in Florida, in line with a brand new campaign-finance report posted on the state Division of Elections web site.

The Quincy-based firm pumped $9.225 million into the Good & Protected Florida political committee from Jan. 1 to March 31, the report exhibits.

The Florida Supreme Court docket on April 1 gave approval for the proposed constitutional modification, Modification 3, to look on the November poll. Till final month, Trulieve had largely been the only monetary supporter of the trouble.

A lot of the Trulieve cash went towards the costly technique of gathering and verifying petition signatures to qualify for the poll. However the brand new report confirmed a handful of the state’s different medical-marijuana operators contributed to the committee days earlier than the Supreme Court docket ruling.

Verano Holdings Corp., which operates as MÜV in Florida, contributed a complete of $2.225 million between March 27 and March 29. Curaleaf Inc. made two $1 million contributions — one on March 27 and one other on March 31. AYR Wellness Inc. and Inexperienced Thumb Industries every contributed $500,000 on March 26, and Cresco Labs contributed $400,000 on March 22.

As of March 31, the committee had raised practically $55 million because the launch of the marketing campaign in 2022, and had spent $40.6 million. Florida voters in 2016 accredited a constitutional modification that broadly allowed medical marijuana.

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