A hedge fund billionaire announced on Friday that he’s spending $20 million “in support of candidates and to oppose Amendment 3” a Florida marijuana legalization proposal set to go before voters in November. Of that, a $12 million donation will go directly to the Vote No on 3 campaign.
Ken Griffin, CEO of the financial firm Citadel LLC, called the legalization initiative “a terrible plan to create the nation’s most expansive and destructive marijuana laws.”
“These investments reflect my commitment to the policies and principles that have made Florida so successful—equal opportunity, high-quality education, efficient and effective government and safe and strong communities,” Griffin wrote in a Miami Herald op-ed.
The Miami-based hedge fund manager, investor and entrepreneur described his millions in campaign donations as “investing in Florida’s future.”
“No other state is making so much progress, so quickly, on so many fronts,” he wrote. He said he’s opposing Amendment 3 “to ensure that our state’s many advantages aren’t thrown away.”
“Passage of Amendment 3 would create a monopoly for large marijuana dispensaries and permit pot use in public and private areas throughout Florida,” he claimed in the piece. “That will help no one other than special interests—and it will
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