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  "documentTitle": "Trulieve Cannabis Corp (TRUL)",
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  "presentationDate": "2019-12-01 00:00:00",
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  "notes": "The slide uses investigative journalism style to expose corruption and regulatory capture in the Florida cannabis licensing process.",
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      "text": "Obviously, there were multiple strong conflicts of interest that were blatantly ignored.",
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      "text": "It has been a bumpy ride for legal cannabis in Florida since Governor Rick Scott signed the so-called Charlotte's web medical marijuana bill into legislation 2014. We would argue that the Tallahassee political mafia has done everything it could to skew the process so that they can reap the greatest benefits, the while hurting consumers and producers.",
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      "text": "News report speculated that the amendment was pushed by lobbying efforts of the Florida Nursery, Growers and Landscape Association, essentially a lobbying organization that represents private growers. The Association acknowledges that it had a hand in the amendment but refutes claims that the amendment was drafted by them.",
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      "text": "As the Florida house was about to pass legal guidelines for growing medical marijuana, a last-minute amendment dramatically reduced the number of eligible growers. As part of the amendment, only five licenses were to be issued to nurseries, one in each of five defined regions in the state. Also, the amendment installed seemingly arbitrary criteria such as being in business for 30 contiguous years, being able to maintain 400,000 plants, and a bunch of qualitative variables. This amendment limited the pool of applications drastically.",
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      "text": "The Simpson nursery is a Beshears family business. When Halsey Beshears first ran for the House he was chief financial officer of Simpson Nurseries. Additionally, Beshears' cousin is Adam Hollingsworth, Gov. Scott's chief of staff. The Tampa Bay times called out a conflict of interest as early as 2014. Thad Beshears had already been working with Hackney nursery. JT Burnette and the law firm that helped Trulieve filed the application, Dunlap & Shipman, are frequent donors to Beshears political campaigns.",
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      "text": "One of the state representatives who voted on the bill is Halsey Beshears, whose campaign treasurer is the lobbyist for the Florida Nursery Growers Landscape Association. Halsey himself used to be president of this very association. Rep. Halsey Beshears grew up with J.T. Burnette and is the brother of Trulieve director Thad Beshears.",
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      "text": "The amendment destroyed the competition for licenses. According to the Department of Agriculture and Consumer Services only five nurseries that met those minimum requirements at the time in the Northwest region.",
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      "text": "It even goes further. Burnette, Kim Rivers, and several associates and their businesses are reported to have set up loopholes to finance Halsey Beshears political progress. The same people mentioned in relationship to the campaign financing issue appear also on the FBI subpoena: Frank Whitley, Chad Kittrell, and Kim Rivers.",
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      "text": "\"The association did not help write the amendment. What (the association) did was throughout the session was to emphasize to legislators that if it was going to move forward on any type of medical marijuana bill, what they needed to do was ensure Florida agriculture, and especially nurseries that have greenhouse infrastructure, are not left on the cutting room floor.\" - Ben Bolusky, association CEO.",
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      "text": "4. Shady Approval Process",
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