Florida’s Medical Marijuana Amendment Draws Opposition from Casino Mogul


Florida’s Medical Marijuana Amendment Draws Opposition from Casino MogulThe push to have medical marijuana legalized in Florida now faces fresh hurdles after billionaire casino mogul Sheldon Adelson donated millions of dollars into the campaign that opposes the legalization of the drug.

Adelson donated $2.5 million to the anti-medical marijuana group Drug Free Florida Committee, reported the Tampa Bay Times. DFFC has been vocal against the Amendment 2, which seeks to decriminalize growing, buying and possession of marijuana to manage certain medical conditions as prescribed by a licensed physician. The proposal, which is backed by pro-medical marijuana group United for Care, is expected to be voted on in the November 4 election in Florida.

Adelson, who is associated with the Las Vegas Sands Corp, contributed $150 million to back Republicans in the 2012 polls, though most of his preferred candidates lost. With close to 90 percent of Floridians backing the legalization of medical marijuana, it appears Adelson may waste his funds once more.


The biggest supporter of the legalization of medical marijuana is John Morgan, a Democratic donor, who contributed over $4 million to the campaign.

This is the second time that a casino-linked investor is opposing the decriminalization of medical cannabis. In 2000, casinos in Nevada fiercely opposed the legalization of the drug, though the state voters carried the day.

The umbrella organization representing Florida sheriffs, the Florida Sheriffs Association, has also been fervently opposed to legalizing marijuana, arguing that the amendment will result in easier access to cannabis due to the weak regulation and ambiguous amendment.

However, in January, the Florida Supreme Court trashed claims by anti-medical marijuana activists that the amendment is a form of “backdoor legalization” of marijuana, saying the drug is only available to patients with certain debilitating medical conditions. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Jonathan Millet at john@forexminute.com