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Home 🌿 Cannabis Technology News 🌿 California Marijuana legalization ballot measure to have a pot of money 🌿California Marijuana legalization ballot measure to have a pot of money
Tech billionaire Sean Parker is expected to fund a possible California ballot proposal to legalize marijuana.
Many groups are trying to get initiatives legalizing marijuana on California’s November 2016 ballot, but one scheduled to be announced Monday will have something none of the others do: the money to run an effective campaign.
The Chronicle has learned that billionaire tech investor Sean Parker, the former Facebook president, is willing to spend millions to help pass the proposed Control, Regulate and Tax Adult Use of Marijuana Act, according to a source close to the ballot effort.
Unlike Proposition 19, the failed 2010 initiative to legalize weed in California, this measure won’t lack for cash. Joining Parker in financing the legalization drive will be an all-star cast of cannabis-friendly funders, including Hyatt Hotel heirs Nick and Joby Pritzker; WeedMaps app founder Justin Hartfield, who has already contributed $2 million toward next year’s...
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