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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFruman and Parnas pursued medical pot license in FL. What does it say about industry?
According to their indictment, Fruman, Parnas, and business partners Andrey Kukushkin and David Correia, worked in Nevada in June 2018 to gain a marijuana license there. Prosecutors say they planned to create a marijuana company, and Correia created a table of planned political contributions worth up to $2 million in a multi-state license strategy, the indictment says.
The group failed to obtain a license because it applied too late in the state process, according to the indictment. But prosecutors said Parnas, Fruman, Correia and the foreign business partner continued to meet into the spring of 2019 in discussion of their marijuana business.
Alternatively, the license continues to exist as a piece of paper worth around $50 million to a potential buyer. The license can grow in value and eventually flip for large amounts of cash to a wealthy investor or company publicly traded on the Canadian stock market. In other words, those licenses can be purchased by people who wouldnt have made it through Floridas requirements that applicants have experience cultivating Florida plants or any real experience in agriculture at all. They must, however, pass a background check....
https://www.miamiherald.com/news/health-care/article236860928.html
dewsgirl
(14,961 posts)corrupted unfortunately.
Mc Mike
(9,107 posts)just stop law enforcement sanctions on individuals.
leftyladyfrommo
(18,816 posts)Johnny2X2X
(18,745 posts)They've been involved from the start with the legalization effort. Big business will run the Marijuana industry.
And all the deaths and sicknesses from the weed vaping, wouldn't surprise me one bit if the Russians are behind it in an effort to get regulations into the industry that will force small businesses involved to go out of business.
There's a misrepresentation pushed by big business that they hate regulations, the opposite is true, they love regulations because they know that they will run small businesses into the ground. As long as they have a hand in writing the regulations, they love them.
NewJeffCT
(56,827 posts)are planning on pushing for legalized marijuana next year in an attempt to sway the youth vote 1-2-3% towards Trump and/or against the Dem nominee.
crickets
(25,896 posts)So ironic. Dirty money used to flow in the other direction.