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US (FL): John Morgan ‘prepared to invest $100M’ in medical marijuana

John Morgan spent nearly $7 million pushing two statewide ballot initiatives to expand medical marijuana throughout the state of Florida.

But that’s a drop in the bucket compared to what the wealthy Orlando attorney and possible gubernatorial candidate says he’s prepared to invest in the industry now that it’s about to explode.

In a series of emails with the Miami Herald, Morgan said he intends to plunge up to $100 million into “the right opportunities.” He also acknowledged that he’s interested in owning a stake in a state-licensed dispensing organization, though he said he’s not yet invested in any cannabis companies.

Read more at the Miami Herald
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