Multiple marijuana companies have collectively donated close to $15 million to a campaign supporting a cannabis legalization initiative set to appear on Florida’s November ballot. The contributions were disclosed in the first quarter financial filings released by the Florida Division of Elections on Thursday.
Trulieve, the primary financial supporter of the initiative, contributed $9.225 million in the first quarter, adding to the approximately $40 million it had previously donated during signature collection efforts. The campaign, Smart & Safe Florida, recently announced securing additional funding from donors committed to ensuring the initiative’s success.
Other major donors to the campaign included Verano Holdings ($2.25 million), Curaleaf ($2 million), Ayr Wellness ($500,000), Green Thumb Industries ($500,000), and Cresco Labs ($400,000). Two individual contributors also donated smaller amounts.
The initiative, if approved by voters, would amend the state constitution to allow existing medical cannabis companies to sell marijuana to adults over 21. It permits limited legislative action to approve additional businesses and sets possession limits at three ounces of cannabis and five grams of concentrate for adults.
Florida Governor Ron DeSantis has expressed opposition to the proposal, describing it as “radical” and suggesting it would “reduce the quality of life” in the state. However, proponents argue that legalization could improve quality of life and generate significant tax revenue.
The initiative would take effect six months after voter approval and does not include provisions for home cultivation, expungement, or social equity measures. Debate over the proposal is expected to intensify as the November election approaches.
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