Jacob Redmond
Well-Known Member
Sean Parker, former Facebook president, once developed a reputation for his advocacy in pushing for change. Now, he is at the forefront of marijuana legalization movement in California.
According to Yahoo News, "The initiative has the support of Democratic Lieutenant Governor Gavin Newsom and the Coalition for Cannabis Policy Reform. Coalition board member Antonio Gonzalez, who is also president of the Latino Voters League, said the coalition withdrew its rival initiative after Parker's measure was modified to protect children, workers and small businesses."
"The move brings to a close weeks of behind-the-scenes negotiations aimed at closing the gaps between the initiatives, amid concerns that neither would succeed if both wound up on the ballot for 2016."
According to NY Times, although the use of marijuana for medical purposes is legal in the state, a legalization bill was voted down in 2010.
In spite of a federal ban, Colorado, Washington, Oregon, and Alaska residents have agreed to legalize marijuana in their respective states. As far as tax revenue is concerned, advocates pointed out the potential of marijuana to bring millions in the state. For example, Colorado government made $11.6 million dollars in taxes, licenses and fees in the month of September alone, thus, making a 61.2% increase compared in September last year.
According to a research group IBIS World, California has the largest marketplace in the US for sales of medical marijuana. The research group said that the use of marijuana in both medical and recreational have the potential to bring $3.6 billion in revenue by the end of 2015, making it grow to at least $13.4 billion in the next five years.
On the other hand, Sean Parker's marijuana legalization proposal in California would legitimize recreational marijuana use for adults over 21 and set up a framework for regulating and taxing sales. Parker's current status suggests that his initiative will be well-funded.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Former Facebook President Sean Parker Backs Marijuana Legalization Proposal
Author: Web Staff
Contact: Contact Page
Photo Credit: Ben Baker
Website: iSchool Guide
According to Yahoo News, "The initiative has the support of Democratic Lieutenant Governor Gavin Newsom and the Coalition for Cannabis Policy Reform. Coalition board member Antonio Gonzalez, who is also president of the Latino Voters League, said the coalition withdrew its rival initiative after Parker's measure was modified to protect children, workers and small businesses."
"The move brings to a close weeks of behind-the-scenes negotiations aimed at closing the gaps between the initiatives, amid concerns that neither would succeed if both wound up on the ballot for 2016."
According to NY Times, although the use of marijuana for medical purposes is legal in the state, a legalization bill was voted down in 2010.
In spite of a federal ban, Colorado, Washington, Oregon, and Alaska residents have agreed to legalize marijuana in their respective states. As far as tax revenue is concerned, advocates pointed out the potential of marijuana to bring millions in the state. For example, Colorado government made $11.6 million dollars in taxes, licenses and fees in the month of September alone, thus, making a 61.2% increase compared in September last year.
According to a research group IBIS World, California has the largest marketplace in the US for sales of medical marijuana. The research group said that the use of marijuana in both medical and recreational have the potential to bring $3.6 billion in revenue by the end of 2015, making it grow to at least $13.4 billion in the next five years.
On the other hand, Sean Parker's marijuana legalization proposal in California would legitimize recreational marijuana use for adults over 21 and set up a framework for regulating and taxing sales. Parker's current status suggests that his initiative will be well-funded.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Former Facebook President Sean Parker Backs Marijuana Legalization Proposal
Author: Web Staff
Contact: Contact Page
Photo Credit: Ben Baker
Website: iSchool Guide
