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.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Harvest Health Shareholders Approve Transaction With Trulieve Cannabis

It appears that Harvest health (CSE: HARV) and Trulieve Cannabis (CSE: TRUL) are set to...

Thursday, August 12, 2021, 08:08:03 AM

Kamala Harris Unveils Presidential ‘To-Do List’, Including Cannabis Reform

Presidential candidate Kamala Harris has released an ambitious policy platform that includes federal cannabis legalization...

Friday, October 25, 2024, 02:16:00 PM

Disney Sues Florida Board After DeSantis Said They’ve “Moved On”

In the midst of an ongoing conflict that has captured media attention, Disney (NYSE: DIS)...

Monday, August 21, 2023, 11:18:00 AM

Planet 13 Acquires Florida License From Harvest Health

Planet 13 Holdings (CSE: PLTH) is officially headed to Florida. The firm this morning indicated...

Friday, October 1, 2021, 08:28:16 AM

Trulieve Posts Revenues Of $136.3 Million In Third Quarter, $4.7 Million In Net Income

Trulieve Cannabis Corp (CSE: TRUL) reported their third quarter financial results this morning, reporting revenues...

Tuesday, November 17, 2020, 07:43:24 AM