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You are at:Home»Law»Trulieve Contributes Another $5M to the Florida Cannabis Legalization Campaign
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Trulieve Contributes Another $5M to the Florida Cannabis Legalization Campaign

adminBy adminJuly 30, 2024No Comments2 Mins Read
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Multistate medical cannabis operator Trulieve has contributed another $5 million to the campaign seeking to legalize adult use cannabis in Florida, according to finance reports outlined by NPR-affiliate WUSF. The July 15 contribution brings the company’s total to $60.39 million. 

In all, the Smart & Safe Florida political committee had raised $66.475 million in cash and $129,000 in in-kind contributions as of July 19, according to state Division of Elections Data, and has spent $53.963 million so far on the campaign. 

Trulieve contributed $500,000 to the campaign in October 2023 and another $15 million the following December. 

The cannabis legalization reforms are opposed by Republican Gov. Ron DeSantis who in June launched the Florida Freedom Fund to combat both the adult-use cannabis campaign and the ballot initiative on abortion access. In the fund’s first five weeks, it raised just $10,000; however, earlier this month a cohort of hemp businesses in the state donated $5 million to the Republican Party of Florida after the governor vetoed a bill to regulate hemp-derived intoxicating cannabinoids.  

According to a Marijuana Moment report, as of July 15, the Florida Freedom Fund has about $121,000 on hand, the majority of which came from POB Ventures, which has links to a medical cannabis worker training organization and a cadre of hemp businesses.   

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You Went Legal. The Federal Government Rewarded You With a 70% Tax Rate.

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