John Morgan has already spent almost $7 million into two statewide ballot initiatives that would expand medical marijuana in the state of Florida.
He has plans to spend as much a up to $100 million on the “right opportunities.” According to a series of emails that Morgan had with the Miami Herald, he said hes not invested in any cannabis companies but he’s interested in owning a stake in a state-licensed dispensing organization,
John Morgan spent nearly $7 million pushing two statewide ballot initiatives to expand medical marijuana throughout the state of Florida.
Morgan wrote, “I am prepared to invest significant monies in this industry and I plan to. 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?”
He has been a huge supporter of medical marijuana in the state and spent around $6.8 million on the two United for Care campaigns in 2014 and 2016. The campaigns were to pass a constitutional cannabis amendment. Morgan may be running for state Governor next year.
“I have been approached by many companies here and in the U.S. and have and will continue to consider them,” Morgan said to the Herald. “Chestnut Hill is one of them and continues to be on my radar. I would be interested [in] investing if the valuation is one I think fair. And if it becomes available. Time will tell.”