Sunday, January 18, 2026

Latest

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

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

NexGen Launches 42,000 Metre Drill Program At PCE While Expanding Mineralized Footprint

First Majestic Hits 2025 Guidance, Producing 31.1 Million Silver Equivalent Ounces, Increases Dividend

Related News

Trulieve Expands Footprint In West Virginia With $6 Million Acquisition

Trulieve Cannabis (CSE: TRUL) is expanding its presence in West Virginia. The company this morning...

Monday, March 22, 2021, 07:16:01 AM

Trulieve Responds to Short Seller Report

Trulieve Inc (CSE: TRUL) has officially responded to the short seller report issued by Grizzly...

Tuesday, December 17, 2019, 01:45:31 PM

Trulieve: Analysts Expect US$221 Million In Q3 Revenues

Trulieve (CSE: TRUL) announced that they will be reporting their third quarter financials before the...

Sunday, November 14, 2021, 04:17:00 PM

Trulieve: Analysts Expect Beat On Company Full Year Guidance

Trulieve Cannabis (CSE: TRUL) announced that they will be reporting their fourth quarter and year-end...

Friday, March 5, 2021, 10:37:00 AM

Florida Real Estate Problem: Hefty Price Tags On Special Assessments And Insurance

The Florida housing market is in turmoil as skyrocketing special assessments force condo owners to...

Thursday, August 8, 2024, 02:15:00 PM