Seminoles Entering the MMJ Business

According to this article in Leafly, the former Seminole chairman, Jim Billie is trying to bring the MMJ industry to Indian lands.

On Tuesday, Nevada-based Electrum Partners announced a partnership with MCW, a company owned by Billie, the longtime Seminole leader who lost his official tribal position in October 2016. The Seminoles, one of the most well-known names in Indian Country, currently own and run five Seminole Casinos in addition to two Hard Rock Hotel & Casino facilities in Florida.

Judging by their success in the gambling industry, once it gets through the courts they should do well.

The passage of the Indian Gaming Regulatory Act in 1988 eventually led to a dispute between the Seminole Tribe and the state of Florida, with Billie spearheading the effort to have the case heard by the United States Supreme Court. The court found in favor of the tribe’s right to apply sovereignty to gaming operations. Thanks to that decision, the tribal gaming industry has grown into a $27 billion industry, or more than twice the annual revenue of the National Football League.

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