Florida Marijuana Group Unveils Revamped Legalization Plan for 2026

The proponents of Florida’s failed recreational marijuana measure have unveiled a revised constitutional amendment for 2026, with support from the state’s largest medical-marijuana provider, Trulieve.

The new proposal, filed Tuesday with the state Division of Elections, explicitly prohibits smoking and vaping in public, and bans “marketing and packaging attractive to children.” The measure reduces possession limits from three to two ounces for adults over 21 and allows lawmakers to legalize home growing for personal use.

Trulieve, which invested $144 million in the previous campaign, supported the initiative that secured approximately 56% of votes, short of Florida’s required 60% threshold for constitutional amendments.

Read: Trulieve Has Spent $141M On Push For Florida Marijuana Amendment

The revised text requires lawmakers to license new “Marijuana Entities,” potentially opening the market to new companies beyond existing medical-marijuana facilities, addressing criticism that the original proposal would have concentrated market control.

Governor Ron DeSantis has called a special legislative session for Jan. 27, urging lawmakers to change laws regarding the gathering and submitting of petitions necessary to get proposals on the ballot.

Florida’s medical marijuana program, legalized in 2016 after failing in 2014, continues expanding. Health regulators are poised to nearly double the current 27 licensed companies, according to the News Service of Florida.

Also read: Trulieve’s Q3 2024 Loss Jumps 137% Amid Push for Florida Legalization 

The state’s restrictive ballot initiative requirements typically limit such campaigns to well-funded organizations. Trulieve currently sells more than a third of Florida’s medical marijuana.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. If a plan was developed to help with emergency funds for home owners dealing with damage from hurricanes with a portion of the taxes made from the sales of marijuana. Which could help with reducing home insurance. A lot more people will get on board with legalizing it.

Video Articles

Silver Is in a New Price Regime, and the Market Isn’t Used to It | Keith Neumeyer – First Majestic

Agnico Eagle Just Made a Massive Gold Land Grab

A Copper-Gold Deposit Caught the White House’s Attention | Rob McLeod – Cambria Gold

Recommended

Antimony Resources Drills 4.38% Sb Over 7.05 Metres At Bald Hill In Final Hole Of 2025 Program

Kirkland Lake Drills 121 Metres Of 1.01 g/t Gold At Mirado

Related News

Disney “Out-GOPs the GOP” with Last-Minute Reedy Creek Vote that Sidesteps New Board — Complete with Royalty Clause

In a fairytale-like plot twist, Florida Governor Ron DeSantis’ appointed board of overseers recently found...

Friday, March 31, 2023, 07:36:00 AM

Aurora Cannabis Earnings Illustrated: Empty Calories Giving The Market A Sugar High

The Deep Dive’s West Coast office was pretty happy to have shoveled dirt on Aurora...

Monday, May 18, 2020, 01:37:57 PM

Trulieve Sees Multiple Analysts Raise Price Targets Following Q3 Results

On Tuesday, Trulieve Cannabis Corp (CSE: TRUL) reported their third quarter financial results. Trulieve reported...

Thursday, November 19, 2020, 11:24:08 AM

Florida’s Condo Crisis: Rising Costs and New Regulations Spark Exodus Fears

Florida’s condominium market is experiencing unprecedented challenges that could lead to a significant exodus of...

Tuesday, September 10, 2024, 03:42:00 PM

Trulieve Sues Ex-CFO For Using Firm’s Funds As “Personal Slush Fund”

Trulieve Cannabis (CSE: TRUL) has taken legal action against its former financial chief, Alex D’Amico,...

Friday, March 15, 2024, 11:50:00 AM