Florida recreational cannabis legalization opponents get $12 million donation

The billionaire owner and CEO of a Miami-based hedge fund donated $12 million to opponents of a recreational cannabis legalization ballot measure that Floridians will vote on in the November election.

Ken Griffin, who owns 80% of Citadel, announced the donation in an opinion piece published Friday in the Miami Herald.

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‘Would create a monopoly’

Griffin called Amendment 3, as the adult-use legalization measure is known, “a terrible plan to create the nation’s most expansive and destructive marijuana laws.”

“Passage of Amendment 3 would create a monopoly for large marijuana dispensaries and permit pot use in public and private areas throughout Florida,” Griffin alleged in his op-ed.

“That will help no one other than special interests – and it will hurt us all,

Read full article on Marijuana Business Daily