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mia

(8,356 posts)
Fri Nov 1, 2019, 07:48 AM Nov 2019

Fruman and Parnas pursued medical pot license in FL. What does it say about industry?

...Lev Parnas and Igor Fruman — naturalized U.S. citizens now subpoenaed to turn over documents in the impeachment investigation into President Donald Trump — sought to invest in one of Florida’s state-issued cannabis licenses. Their plan appears to have been unsuccessful due to an inability to prove that they had the cash, but a Miami Herald report raised questions of how a purchase like it could happen.

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 wouldn’t have made it through Florida’s 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


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Fruman and Parnas pursued medical pot license in FL. What does it say about industry? (Original Post) mia Nov 2019 OP
I think anything they had their dirty mitts on is already dewsgirl Nov 2019 #1
So all legalization laws should allow for individuals to legally grow their own, Mc Mike Nov 2019 #2
It's big money. The mob will be there. Nt leftyladyfrommo Nov 2019 #3
Russians have bought up a ton of the licenses here in MI Johnny2X2X Nov 2019 #4
They know that Trump and McConnell NewJeffCT Nov 2019 #5
Oh, the money laundering possibilities. crickets Nov 2019 #6

Mc Mike

(9,107 posts)
2. So all legalization laws should allow for individuals to legally grow their own,
Fri Nov 1, 2019, 08:05 AM
Nov 2019

just stop law enforcement sanctions on individuals.

Johnny2X2X

(18,745 posts)
4. Russians have bought up a ton of the licenses here in MI
Fri Nov 1, 2019, 08:53 AM
Nov 2019

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)
5. They know that Trump and McConnell
Fri Nov 1, 2019, 08:59 AM
Nov 2019

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)
6. Oh, the money laundering possibilities.
Fri Nov 1, 2019, 12:51 PM
Nov 2019

So ironic. Dirty money used to flow in the other direction.

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