John Morgan Prepared to Invest $100M in Florida’s Medical Marijuana Industry

John Morgan Prepared to Invest $100M in Florida's Medical Marijuana Industry

Flickr / Ervins Strauhmanis / CC BY 2.0

Orlando trial lawyer and Amendment 2 financier John Morgan is prepared to invest $100 million in Florida’s medical marijuana industry. This is according to an article published in the Miami Herald on May 23, 2017.

Detailing his intentions through a series of e-mails, Morgan explained that he was prepared to invest millions of dollars into the “the right opportunities,” such as purchasing a stake in one of Florida’s licensed medical marijuana providers.

“I am prepared to invest significant monies in this industry and I plan to,” Morgan wrote. “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?”

Recently, Morgan stirred up controversy when he had a public falling out with United for Care’s executive director, Ben Pollara, over the Florida legislature’s failure to pass medical marijuana legislation before the end of the session.

Morgan accused Pollara of lobbying for out-of-state clients hoping to get a foothold in the state’s medical marijuana industry, which in turn has resulted in a rumor that Morgan himself was influencing marijuana legislation for his own profit.

Denying the accusations, Morgan has said that if he was trying to profit from the regulatory process, he would have supported the Department of Health’s proposed regulations and wouldn’t have called for a special legislative session on medical marijuana.

William Sumner is a freelance writer and marijuana journalist located in Panama City, FL. Passionate about writing, William is dedicated to journalistic integrity and providing quality insight on current events. You can follow him on Twitter @W_Sumner.

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