Florida Marijuana Legalization Campaign Surpasses $66 Million in Fundraising

The Smart & Safe Florida campaign has raised over $66 million for its marijuana legalization initiative, Amendment 3, according to the Florida Division of Elections.

This amount, reported as of mid-July, is significantly higher than any previous marijuana legalization initiative in any other state. For context, California’s Proposition 64 campaign raised $25 million in 2016, and Ohio’s Issue 2 raised $7 million last year; both initiatives were successfully passed into law.

Of the $66 million raised, approximately $60 million came from the medical marijuana company Trulieve. Other major contributors include Verano Holdings LLC, Curaleaf Inc., AYR Wellness Inc., and Green Thumb Industries.

The campaign has spent $53.963 million of the funds raised, leaving around $12 million in cash on hand.

Amendment 3 proposes to amend Florida’s constitution to allow individuals aged 21 and older to possess and use up to three ounces of dried marijuana flower and up to five grams of marijuana concentrates. These products would be available for purchase at licensed marijuana retail outlets and medical marijuana dispensaries that hold dual licenses.

Recent polls show strong support for the initiative, with a Fox News poll indicating 66% of Florida voters in favor of Amendment 3, and a University of North Florida poll showing 67% support among likely voters. Both polls suggest that the initiative is on track to surpass the 60% threshold required for a constitutional amendment to pass.

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