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420 with CNW – New Industry-Backed Cannabis Legalization Measure Announced in Florida

A multi-state medical marijuana dispensary chain is behind the latest measure which has been filed to legalize recreational marijuana in Florida. This measure was filed on Aug. 6.

The 2020 ballot measure was a filed by Make It Legal Florida, a political committee registered at the beginning of this month. The chair of this committee is the government affairs director of MedMen, a medical marijuana dispensary with operations in Florida and several other states.

Under this proposal, it would be legal to possess, use and transport up to a maximum of 2.5 ounces of recreational marijuana as long as one is at least 21 years old. The measure also recommends that medical marijuana dispensaries in the state can sell marijuana for adult recreational use.

Make It Legal Florida didn’t include the home cultivation of marijuana in its measure, and there was no mention of whether retail shops could be licensed for the sole purpose of selling recreational marijuana.

If this measure gets voter approval during the 2020 election, recreational marijuana will have to be packaged in child-proof materials and will be clearly labeled. No adverts targeting people who are less than 21 will be permitted.

The subject of home cultivation is a touchy one for the industry because there were angry outbursts in response to reports that an association of medical cannabis companies, including MedMen, wrote to Governor Cuomo of New York earlier this year urging the state to reject home cultivation clauses in any legalization law.

A spokesperson for Make It Legal Florida revealed that the measure was being reviewed by the relevant department of the state and the group would announce the next steps once the language of the measure is approved.

At the moment, it isn’t clear to what extent MedMen is running or funding this initiative which will require 766,200 voter signatures if it is to appear on the ballot. Once on the ballot, a minimum of 60 percent of the voters who turn out has to approve the ballot measure before a constitutional amendment can be effected.

Make it Legal Florida has the support of personal injury lawyer John Morgan who was heavily involved in the campaign to legalize medical marijuana in the state. MedMen is also reportedly involved in another measure to put recreational marijuana on the Arizona ballot in 2020.

Industry experts are convinced that cannabis industry actors like Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) would be more comfortable if all the forces working for the legalization of recreational marijuana in Florida rally behind one measure instead of spreading their efforts and resources.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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