Alliance Global Partners says Trulieve Cannabis (TCNNF) is best positioned after the Florida State Supreme Court ruled that a measure to legalize adult-use marijuana in the state will be allowed on the November ballot. The state of Florida requires 60% approval for passage, with polls giving mixed indications, and generally within the margin of error for passing, the analyst tells investors in a research note. The firm sees “market leader” Trulieve as best positioned, along with Curaleaf (CURLF) and Verano (VRNOF) “as leaders in the current medical market,” with Green Thumb (GTBIF), Cresco (CRLBF) and Cannabist Company (CBSTF) having a smaller presence in the state as of today.
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