Despite pouring millions into the push for adult-use cannabis legalization, Florida's cannabis market is showing signs of strain.

According to a recent report fromBeacon Securities, financial backing for the legalization campaign has surged, yet dispensary sales have slipped during the third quarter of 2024.

Companies likeTrulieve Cannabis Corp.(OTC:TCNNF) andCuraleaf Holdings Inc.(OTC:CURLF) are leading the charge with significant contributions, but the growing number of dispensaries and external factors, such as Hurricane Helene, have raised questions about whether the market's fundamentals justify the hype.

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