Florida Marijuana Legalization Campaign Has Raised $55 Million, More Than Any Prior Legalization Effort

The campaign behind a Florida initiative to legalize marijuana that will be voted on this November has raised over $50 million, more than any previous legalization campaign.

On April 1 the Florida Supreme Court ruled that Smart & Safe Florida’s initiative to legalize recreational marijuana will appear on this November’s ballot. Now, the campaign has announced that they’ve raised an additional $15 million in support of their initiative from new partners, bringing the total to $55 million. For comparison, proponents of California’s Proposition 64 raised $25 million in 2016, while those behind Ohio’s Issue 2 raised just $7 million last year; both initiatives were given approval by voters.

According to a report by MJBizDaily, over $40 million of the $55 million was raised by Trulieve, the leading medical marijuana retailer in Florida with 134 locations statewide. The new donors to the initiative include:

  • Miami-based Ayr Wellness, which operates 63 medical marijuana treatment centers in the state.
  • Chicago-headquartered Cresco Labs, 33.
  • New York-based Curaleaf Holdings, 61.
  • Chicago-headquartered Green Thumb Industries, 15.
  • Massachusetts-based Insa, 10.
  • Chicago-headquartered Verano Holdings, 74.

“We are not only pleased that the court has agreed to move this initiative forward, but we are also thrilled to announce a strong alliance of committed donors to the effort,” says David Bellamy, the Smart & Safe Florida campaign chair.

If passed by voters this November, Amendment 3 would allow those 21 and older to possess up to three ounces of marijuana, purchasable at a licensed marijuana retail outlet. Retail sales would begin in May, 2025.

Given it’s a constitutional amendment, Amendment 3 will need a 60% majority to be enacted into law.

Thank you for reading The Marijuana Herald. You can sign up for occasional news updates using the form below.

 


Crop King Seeds(COM) Best Feminized Seeds 728x90