Ohio marijuana vote: Investors insist there's no monopoly

Ohio to vote on competing marijuana measures Marijuana investors backing Tuesday's legalization vote in Ohio dismissed claims they're trying to monopolize the nascent industry.

"We don't agree with calling it a monopoly," investor Woody Taft told CNN's New Day. "How can you call 10 competing people a monopoly?

Woody and Dudley Taft Jr., who are great-great grandnephews of President Taft, are among the 25 investors in 10 plots of farmland identified in Ohio's Issue 3.

The investors put the issue on the ballot and "stand to profit a little bit by this. But that, by no means, means that we share in all the profits," said Dudley Taft Jr., estimating that legalization could create 25,000 to 30,000 jobs. "A lot of the other entrepreneurs stand to make a lot of money from this."

Ohio residents are voting on Issue 3 to decide whether to legalize marijuana in Ohio for...

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