You are here
Home 🌿 Cannabis Technology News 🌿 Here's how a Silicon Valley billionaire helped get marijuana fully legalized in California 🌿Here's how a Silicon Valley billionaire helped get marijuana fully legalized in California
Californians overwhelmingly said yes to recreational marijuana on Election Day.
Those in favor of the decision owe a big thanks to billionaire Silicon Valley fixture Sean Parker.
The former Facebook president and founder of Napster contributed $8.5 million to the effort to legalize recreational marijuana in California.
Parker has been radio silent regarding Proposition 64, though his dollars said otherwise.
"If you wanted to invent the perfect funder for a California ballot measure, it would be hard to dream up one better than Sean Parker," Jason Kinney, a spokesperson for the Proposition 64 campaign, told Business Insider. "He did this for social justice, not the personal spotlight."
Over the last year, Parker became the single biggest donor of the initiative, by far, according to The Los Angeles Times. Another $4 million came from a nonprofit called the Fund for Policy Reform, which is backed by New York hedge...
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.