You are here
Home 🌿 Marijuana Politics 🌿 Marijuana legalization in California is on path to November ballot 🌿Marijuana legalization in California is on path to November ballot
A plan backed by Silicon Valley billionaire Sean Parker to legalize recreational use of marijuana in California is on the path to the November ballot, potentially bringing more than $1bn a year in tax revenue, according to legislative analysts.
The proposal, which would allow for the retail sale of marijuana to adults aged 21 and older, is one of the most highly anticipated initiatives, in no small part because California is the country’s largest economy and the eighth largest in the world.
But some industry insiders are unhappy with the proposal – which is backed by Parker, the founder of Napster, and Justin Hartfield, the founder of WeedMaps – and are withholding support.
“This skews towards big marijuana,” said Hezekiah Allen, executive director of the California Growers Association, an industry trade and lobbying group.
The state’s attorney general cleared the Adult Use of Marijuana Act (AUMA) on Wednesday, allowing the...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin