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 thought on “Florida Marijuana Group Unveils Revamped Legalization Plan for 2026

  • January 24, 2025 6:28 AM at 6:28 am
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    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.

    Reply

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