Florida Cannabis

Federal decisions on cannabis rescheduling and the SAFE Banking Act could reshape growth paths for multi-state operators (MSOs) and spark stock volatility across the industry. Meanwhile, states like Florida are considering recreational legalization, opening the door to substantial new revenue...

In a move to honor veterans and first responders, Planet 13 Holdings Inc. (OTCQX:PLNH), a multi-state cannabis company, has announced its "Healing Heroes" initiative for Florida's veteran and first responder communities. From November 1 through November 14, Planet 13 will partner with veteran-led...

Colorado-based marijuana operator Green Dragon has announced plans to cease operations by the end of 2024, closing all of its facilities in Colorado and Florida. The company notified the Colorado Department of Labor and Employment that it would lay off all 59 employees at its 92,000-square-foot...

As the Nov. 5 elections loom, the struggle between Floridians who want legal recreational cannabis enshrined in their constitution via Amendment 3 and those who don't has heated up to a near boiling point. With the state’s GOP Gov. Ron DeSantis leading the anti-marijuana charge on the one...

Florida is using millions of dollars in settlement money from opioid manufacturers and distributors to bankroll Governor Ron DeSantis's ongoing anti-cannabis campaign, according to state records. State law stipulates the opioid settlement trust fund is meant to "abate the opioid epidemic" and...

With Florida's recreational cannabis vote looming, Pablo Zuanic of Zuanic & Associates anticipates a high-stakes shakeup in the state's cannabis market. His latest analysis reveals a volatile mix of market deflation, rapid retail expansion and an active M&A landscape as key companies...

Vice President Kamala Harris released her "to-do list” and legalizing recreational cannabis took sixth place, right after restoring reproductive freedom. "Trump has an enemies list. I have a to-do list," wrote Harris on X, referring to former President Donald Trump who has talked about...

“We as leaders in the space have a duty to help reframe the narrative,” said Hip-Hop pioneer and B NOBLE founder Fab 5 Freddy in an exclusive interview with Benzinga. Discussing the role of cannabis education, he highlighted a recent initiative offering 100 free job training grants in...

As Florida gears up for a monumental vote in November 2024, Amendment 3, which would legalize recreational cannabis use, is gaining significant support from key voices. One who has just joined the chorus is Gordon Smith, the Sheriff of Bradford County, a region in North Central Florida with a...

A new poll shows Florida’s proposed cannabis legalization initiative, known as Amendment 3, is just shy of the 60% approval needed for passage. Opposition to the amendment, which will go before voters in the Nov. 5 elections, is intensifying. Well-funded groups like Keep Florida Clean and...

Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) will hold a conference call on Tuesday, Nov. 5, 2024, at 8:30 am Eastern Time following the release of its third quarter 2024 financial results. The Florida-based medical cannabis giant said founder and CEO Kim Rivers and CFO Wes Getman will...

A new campaign ad supporting Florida’s Amendment 3, which aims to legalize recreational marijuana, features Republican Sen. Joe Gruters addressing critics of the measure.  Titled "Blowing Smoke," the ad counters claims from Governor Ron DeSantis, who opposes the amendment and has sparked...

As Florida's pivotal vote on recreational cannabis looms, investors are eyeing key opportunities in the market. The Viridian Credit Tracker ranks AYR Wellness (OTC:AYRWF) as a strong buy, with a compelling 20% yield driven by its significant presence in Florida's cannabis market. With the potential...

RIV Capital Inc. (CSE:RIV) (OTC:CNPOF) and Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) have secured approval from the New York Cannabis Control Board for their upcoming merger, marking a major consolidation in the state's fast-growing cannabis industry. The merger, expected to close by the end of...

Florida cannabis businesses began closing down in preparation for Hurricane Milton, which hit the state's west coast late Wednesday. Despite the storm’s looming threat, Governor Ron DeSantis refused to extend the Oct. 7 voter registration deadline, even as millions were forced to evacuate...