The Center Square -- The Florida Financial Impact Estimating Conference released a report on July 13 finding that approval of the marijuana initiative would generate between $195.6 million and $431.3 million in annual state and local revenue if approved by voters.

The initiative would legalize marijuana for adults 21 years old and older. Individuals would be allowed to possess up to 3 ounces of marijuana (about 85 grams), with up to 5 grams in the form of concentrate.

(The Center Square) - The Economic Estimating Conference met on Saturday to discuss Florida’s booming economy, and some of the shortfalls that could happen in the future.

Florida has had a huge amount of growth, and its general revenue is expected to peak at $46.3 billion in fiscal year 2023, then flatten in 2024 to $45.3 billion.

(The Center Square) — A new report shows that Florida’s citrus industry's production is down considerably after being ravaged by hurricanes and disease.

The latest Economic and Market Research report from Florida Citrus shows that total orange juice sales, as of June 2023, have fallen by 11.6% compared to the previous year, while the price has increased by 12.3%.

The Center Square –- A group of Republican Senators have introduced the Middle Class Borrower Protection Act, legislation that would overturn a new federal rule that charges higher fees to certain home buyers with good credit and lower fees for buyers with worse credit.

“The average American has a credit score over 716,” said Sen. Mike Braun, R-Ind, who is helping lead the effort. “The Biden administration is making home ownership more difficult for everyday Americans by raising rates for most people with a credit score over 680 to subsidize riskier borrowers.”

(The Center Square) — Despite an improving national economy, Florida officials predict temporary aid to needy families will increase for the next four years due to larger-than-expected program use by immigrants lacking permanent legal status.

The data was released by the Office of Economic and Demographic Research, which is the research arm of the Legislature that issues economic and social trend forecasts that affect policymaking, revenues and appropriations. The group holds conferences periodically to brief lawmakers and other state officials.