Tuesday, July 16, 2024

Why Is John Morgan Investing $100M In The Weed Industry?

Florida attorney John Morgan, the activist who sunk millions of dollars of his own money into campaigns to legalize medical marijuana in the Sunshine State, is on the verge of investing around $100 million to get a piece of the state’s newfound cannabis trade.

According to a report from the Miami Herald, although Morgan has not yet invested in the medical marijuana industry, he is fully prepared to throw millions of dollars into “the right opportunities,” which may include taking ownership in Chestnut Hill Tree Farm, one of the nurseries the state has licensed to cultivate and sell cannabis products.

“I am prepared to invest significant monies in this industry and I plan to,” he told the news source. “I have learned a great deal about the miracles of marijuana over the last five years. And what better person than me to be involved?”

For years, Morgan has been accused of agenda driven activism in an effort to get in on the ground floor of the marijuana business.

In 2014, Roger Stone, one of President Trump’s longtime advisors, suggested that Morgan was only interested in legalizing a medical marijuana program to cash in a potentially lucrative market.

“Morgan tells us his only motivation is mercy for sick people, a darker motive is included in his constitutional amendment,” Stone wrote in a column for Sunshine State News. “For the people, my ass.”

However, Morgan has maintained that his desire to provide cannabis medicine for the sick people of Florida and his willingness to get involved with the cannabis industry are completely separate of each other. In fact, Morgan recently ousted Ben Pollara, his right hand man in the United for Care campaigns, because he felt that Pollara’s secret business interests prevented the passing of medical marijuana regulations in the state legislature.

Morgan insists that if he were waxing political simply to generate profits from the cannabis industry, he would simply set back and watch the details of the program be hashed out by the Department of Health. Instead, he is calling for the issue to be addressed in a special session.

“I don’t care how it is implemented. I don’t care how many licenses there are,” he told the Herald. “I would prefer that the amendment is implemented first. If I had an interest in one of the existing [licensed operators] it would be in my best interest to have no special session.”

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