MedMen and Surterra each contributed $545,000 to a campaign to legalize recreational cannabis in Florida.
The two cannabis companies are backing Make It Legal Florida, which is seeking to collect the 766,000 signatures needed to put a constitutional amendment on the 2020 ballot.
Their contributions, totaling $1.09 million, were first reported by Florida Politics.
Surterra, based in Atlanta, has the second-largest market share in THC/CBD sales per milligram among Florida’s medical marijuana businesses.
But Surterra’s 13.7% share lags far behind Trulieve, which has nearly a 50% market share, despite both companies being tied with the most dispensaries at 31 each.
Surterra hasn’t done much in the smokable flower market yet, holding less than a 3% share of sales.
MedMen would appear to have a lot at stake in the drive to legalize recreational marijuana in Florida.
The California-based company, which paid a reported $53 million to acquire a vertically integrated medical marijuana license from Treadwell Simpson Partnership, only recently opened its first dispensary in Florida.
To read more about the company’s campaign contributions, click here.
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