Florida Supreme Court Reaction & MSOS Monday
Catch up on the VOD of our Monday Trade to Black as Shadd Dales, Anthony Varrell, and Dan Ahrens, COO of Advisorshares, shares insights on Florida’s news regarding adult use cannabis. The great news is: yes. The Florida Supreme Court will not block a ballot initiative to legalize cannabis for adult use in the general election later this year. Finally, something in the right direction. We’ve also got the other latest headlines to share.
Kicking off the headlines, we dive deeper into Florida’s choice, especially in lieu of what happened in Virginia. In Virginia last Thursday, the Republican Governor Glenn Youngkin vetoed a push to implement commercial sales, saying, “The proposed legalization of retail marijuana in the Commonwealth endangers Virginians’ health and safety.”
The Florida Supreme Court, however determined in a 5-2 ruling that the ballot language fit the state’s rules for ballot initiatives. This allows it to go before voters in November. This doesn’t mean that cannabis in the state is out of the woods yet; it will have to get a 60% supermajority to pass. Still, there’s a number of reasons to stay optimistic, and Dan Ahrens explains why he thinks it will. Hear the whole discussion when you tune in.
Headline two takes a look at February cannabis retail sales numbers. The top five states are California ($409m), Michigan ($261m), Florida ($215m), Illinois ($160m), and Massachusetts ($143m). Michigan is a freight train, several states are trending up in a big way, and the total cannabis retail sales numbers are a whopping $1.974 billion dollars. Which MSOS stand to gain from Virginia’s veto? We’ll let you know.
Be sure to like and subscribe so you never miss an episode. Nancy Mace will be joining us on Wednesday’s live stream at 4pm. She’s a big cannabis advocate. Wednesday April 10 we will be sending video from Capitol Hill. Don’t miss out!
