Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. IGC Pharma Inc. (IGC) Message Board

420 with CNW — 2024 Adult-Use Marijuana Campaign

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 436
(Total Views: 138)
Posted On: 02/09/2023 4:49:30 PM
Avatar
Posted By: NetworkNewsWire
420 with CNW — 2024 Adult-Use Marijuana Campaign Notches Major Victory in Florida

The possibility of legalizing recreational adult-use cannabis in Florida is becoming more visible. This is after a draft constitutional reform that might end recreational cannabis prohibition in Florida passed its initial procedural hurdle. However, before it is presented at the polls next year, it must meet two additional requirements.

For the legal and economic impact examination, the “Safe and Smart Florida” commission had to gather at least 222,899 verifiable voter signatures. Florida’s highest court — the Supreme Court — will review the suggested phrasing to make sure it isn’t misleading before it appears on the poll.

The potential impacts on the federal budget and any prospective modifications to other legislation will be examined by lawmakers and state officials in Florida. If everything goes according to plan, the group may need to collect 891,590 voter signatures in total to include the issue on the ballot.

To put it simply, this does not imply that the legislation will be adopted. Advocates and the electorate should work together to get the bill passed into law. For the proposal to pass, it must secure a minimum of 60% of the total votes cast in Florida. It is also difficult to gather 891,589 signatures, and this marks the beginning of the process to pass this measure.

By Feb. 2, 2023, the total number of acceptable signatures collected was 294,000, which was enough to have the measure analyzed.

Individuals older than 21 years of age would be legally able to possess, purchase, or use cannabis and other marijuana-related products for recreation in addition to medical use according to the draft bill.

Despite this, the proposed draft amendment bill clarifies that ending cannabis prohibition in Florida would not affect or insulate violations of federal rules but rather establish state-level limits for individual usage and propose a timetable for implementation. Florida has looked into legalizing the personal use of marijuana previously. The latest attempts to introduce that to the state legally failed in 2021 when a judge nullified the description of the amendment to appear in polls. The recent draft, which was filed in August 2022, might have a better reception with the backing of a well-known celebrity.

Currently, there are numerous restrictions on the lawful use of medicinal cannabis by residents of Florida. Although legalizing recreational cannabis in the state is still a long shot, its supporters are optimistic that, through a prominent celebrity endorsement, they can win over the people and get it passed.

While the push to end cannabis prohibition through voter initiatives and legislative means is ongoing, there are other companies such as India Globalization Capital Inc. (NYSE American: IGC) that are focused on developing therapeutic formulations from cannabinoids, which could gain FDA approval and find widespread use as regulated medicines.

NOTE TO INVESTORS: The latest news and updates relating to India Globalization Capital Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer




(0)
(0)




IGC Pharma Inc. (IGC) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us