MedMen, Surterra place up $1 million to back adult-use cannabis in Florida

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MedMen and Surterra every contributed $545,000 to a campaign to legalize recreational cannabis in Florida.

The two cannabis firms are backing Make it Legal Florida, which is searching for to gather the 766,000 signatures necessary to place a constitutional amendment on the 2020 ballot.

Their contributions, totaling $1.09 million, had been initially reported by Florida Politics.

Surterra, primarily based in Atlanta, has the second-biggest marketplace share in THC/CBD sales per milligram amongst Florida’s healthcare marijuana corporations.

But Surterra’s 13.7% share lags far behind Trulieve, which has practically a 50% marketplace share, in spite of each firms getting tied with the most dispensaries at 31 every.

Surterra hasn’t carried out substantially in the smokable flower marketplace however, holding significantly less than a three% share of sales.

MedMen would seem to have a lot at stake in the drive to legalize recreational marijuana in Florida.

The California-primarily based corporation, which paid a reported $53 million to obtain a vertically integrated healthcare marijuana license from Treadwell Simpson Partnership, only not too long ago opened its initially dispensary in Florida.

To study additional about the company’s campaign contributions, click right here.

Jeff Smith can be reached at [email protected]

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