Protected & Sensible Florida, the group behind Florida’s failed try and legalize leisure hashish in November 2024, has launched a brand new initiative to do it once more in a 2026 poll.
The “Grownup Private Use of Marijuana,” initiative was filed on Tuesday, first reported by Florida Politics, noting that it was the primary poll petition filed in 2025.
The brand new initiative “Permits adults 21 and older to own, buy, or use marijuana for non-medical consumption. Establishes possession limits. Prohibits advertising and marketing and packaging enticing to kids. Prohibits smoking and vaping in public. Maintains prohibition on driving beneath affect,” and extra.
Florida Politics identified that the marketing campaign launched this new effort to place authorized marijuana up for a vote simply someday after Gov. Ron DeSantis known as a particular session asking lawmakers to crackdown on “fraudulent signatures” to put amendments on the poll. Leaders of the legislature, per the outlet, mentioned they don’t intend to permit DeSantis “to dictate what points are in the end thought of by lawmakers.”
This previous November, the poll measure, generally known as Modification 3, fell quick of the 60% vote required to move an modification in Florida although it acquired practically 57% help throughout the state. The modification confronted powerful and sustained opposition from DeSantis and the Florida Republican Occasion.
Over the course of its efforts, Sensible & Protected’s legalization marketing campaign pulled in not less than $150 million, making it the best-funded hashish legalization initiative in U.S. historical past, with medical marijuana large Trulieve Hashish Corp. (OTC: TCNNF) contributing the majority of it.
Hashish shares, which had dropped barely on information that the DEA hearings on rescheduling hashish have been placed on maintain for 3 months, appeared to perk up a bit with the Florida initiative information.
ETFs corresponding to AdvisorShares Pure US Hashish MSOS rose 0.29% and AdvisorShares Pure Hashish YOLO went up 0.87% on the shut. Trulieve Hashish ended down 2.23% whereas Inexperienced Thumb Industries GTBIF rose 0.28%. Tilray Manufacturers TLRY held regular. Different multi-state operators appeared unfazed by the information, not less than for now.
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