Florida marijuana advocate Morgan poised to invest $100M in industry

Florida marijuana advocate and wealthy attorney John Morgan said he’s ready to invest $100 million of his own money in the cannabis industry.

Presented “the right opportunities,” Morgan said, it’s time to sink a sizable amount of cash into the market, the Miami Herald reported.

He has been one of the strongest voices in the state of Florida for legalization. He spent a total of about $7.5 million of his own money on last fall’s successful medical marijuana initiative as well as a failed 2014 ballot measure.

Morgan’s now pushing for a special session in the Florida legislature to pass an implementing bill to create rules for the medical marijuana program. The bill died during the regular legislative session.

“I am prepared to invest significant monies in this industry and I plan to,” he wrote in emails to the Herald. “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?”

Daily News | Briefs | Florida Medical Cannabis Business & Marijuana Legal News

 2 Comments

  1. Chief Paton May 24, 2017
  2. Tim May 30, 2017

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.