Results for: Florida

A political committee opposing Florida’s cannabis legalization measure, Amendment 3, has received a significant $500,000 donation from an organization reportedly connected to Elon Musk. This comes as the campaign promoting cannabis legalization has amassed over $100 million in contributions. The move has sparked controversy, with supporters highlighting the financial backing of the anti-legalization campaign and its potential influence on the upcoming election.

The back-to-back hurricanes Milton and Helene have wreaked havoc on Florida, causing insured losses to skyrocket to an estimated $35 billion to $55 billion, nearly four times the initial projections. This massive financial blow highlights the increasing vulnerability of the state to severe weather events and the growing burden on Florida’s insurance market.

Former Congressman Joe Garcia, a strong advocate for Amendment 3, the cannabis legalization measure on the Florida ballot, argues that legalization is a step towards sensible drug policy, citing research on marijuana’s potential to reduce opioid dependence and generate significant revenue for the state. He also addresses concerns about teen use, highlighting the potential for stricter regulations to mitigate risks.

Florida’s Amendment 3, aiming to legalize recreational marijuana, faces scrutiny as Governor Ron DeSantis opposes the amendment and draws flak for refusing to extend the voter registration deadline during Hurricane Milton evacuations. Meanwhile, cannabis companies brace for the storm’s impact.

As Florida prepares to vote on recreational cannabis, investors are focusing on key opportunities in the market. AYR Wellness, with its strong presence in Florida, is attracting attention due to its potential for significant growth if legalization passes. The article highlights other cannabis companies like Cresco Labs, Curaleaf, and TerrAscend, analyzing their yields and financial strengths. Investors are encouraged to capitalize on this potential market shift by considering strategic pair trades.

Florida has faced another devastating hurricane, Milton, just weeks after Hurricane Helene. The Category 3 storm brought heavy rainfall, strong winds, and tornadoes, resulting in deaths, flooding, and widespread damage across the state. Officials are assessing the damage and expecting the death toll to rise. Residents are left picking up the pieces of their lives and dealing with the aftermath.

Orange County firefighters are part of a California emergency response team deployed to Florida to help with the recovery efforts following Hurricane Milton. The storm, which made landfall as a Category 3, caused widespread damage, including power outages for millions, and at least four deaths. California has sent over 350 specialized personnel to assist in the relief efforts.

Hurricane Milton, a Category 3 storm, tore through Florida early Thursday, causing widespread destruction and claiming four lives in St. Lucie County. The storm left millions without power, downed trees, and flooded homes. While authorities say Florida dodged a worst-case scenario, the state is bracing for more flooding in the coming days.

Hurricane Milton, a Category 3 storm, made landfall in Florida on Wednesday night, bringing life-threatening storm surge, ferocious winds, and flooding rains. The storm has caused widespread power outages, flooding, and multiple fatalities, with more damage expected as it moves across the state.

Hurricane Milton is set to make landfall in Florida late Wednesday or early Thursday, bringing with it a devastating storm surge and powerful winds. The storm, described as the “storm of a century”, is expected to cause significant damage, particularly in the Tampa Bay area, raising concerns about the impact of climate change on extreme weather events.