Marijuana Plant

Trulieve Coughs Up Nearly $50M For Florida Marijuana Initiative

Marijuana Plant
Marijuana Plant (File)

Trulieve, the state’s largest medical marijuana company, has contributed nearly $50 million to the effort to pass a constitutional amendment to authorize recreational marijuana in Florida, according to a new campaign finance report posted on the state Division of Elections website.

The report shows that the Quincy-based company invested $9.225 million in the Smart & Safe Florida political committee from Jan. 1 to March 31.

The Florida Supreme Court approved the proposed constitutional amendment, Amendment 3, for the November ballot on April 1.

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Until last month, Trulieve had largely been the sole financial supporter of the effort.

Much of the Trulieve money went toward the expensive process of collecting and verifying petition signatures to qualify for the ballot.

But the new report showed a handful of the state’s other medical marijuana operators contributed to the committee days before the Supreme Court ruling. Verano Holdings Corp., which operates as MÜV in Florida, contributed a total of $2.225 million between March 27 and March 29. Curaleaf Inc. made two $1 million contributions — one on March 27 and another on March 31. AYR Wellness Inc. and Green Thumb Industries each contributed $500,000 on March 26, and Cresco Labs contributed $400,000 on March 22.

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As of March 31, the committee had raised nearly $55 million since the launch of the campaign in 2022, and had spent $40.6 million. Florida voters in 2016 approved a constitutional amendment that broadly allowed medical marijuana.

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