November 4, 2011

Marijuana Initiative in Washington State to Get $300,000 Boost

On Tuesday, we provided an update on the drive to legalize marijuana for recreational use in Colorado, reporting that pot proponents are well on their way to getting the required number of valid signatures to put the initiative to a vote.

But the Centennial State isn’t the only one having success in this area. A similar initiative in Washington State received a huge shot in the arm this week, receiving commitments for $300,000 in additional funding from two bigwigs.

This is a major influx of cash for a marijuana legalization drive. Most groups lobbying for the same types of laws in other states are lucky to receive $10,000 or $20,000. In fact, industry pioneer and well-known pot advocate Richard Lee – who founded Oaksterdam University – wasn’t able to raise any significant funding for his recent push to legalize marijuana in California and has now abandoned the effort.

That makes the donation tally for the Washington initiative all the more impressive. According to the Seattle Times, philanthropist Harriet Bullitt is funneling $100,000 into legalization efforts, while Peter Lewis – a top executive at Progressive Insurance – is pitching in $200,000 on top of $50,000 he already committed. Campaign officials say they now have $1 million in funds, which they are confident is enough to get the 241,000 valid signatures needed by the end of this year to get the petition in front of state legislators. Lawmakers can then sign off on the initiative or put it up for a public vote next November.

The proposal would allow residents who are at least 21 years old to posses limited amounts of marijuana, edibles and pot infused-drinks.

Professionals in the medical marijuana industry should watch these efforts closely. The legalization of marijuana for general use could turn the MMJ industry on its head, introducing even more chaos into the mix and opening the door to a slew of new competitors. Then again, even if voters pass such a measure it’s unlikely we’d see fully legalized marijuana anytime soon, as the federal government would most certainly interfere.

 

Post Your Comment:


Please note:
Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.

Arizona Businesses, Advocates Unite Behind Single MJ Measure

The formerly fractured Arizona marijuana community emerged as a united front on Friday, with representatives [click to continue...]

Heads of Illinois, New Jersey Medical Cannabis Programs Step Down

resignation letter

Medical marijuana programs in two states are looking for new leaders. Bob Morgan, the coordinator [click to continue...]

2 Marijuana Measures Filed for 2016 Ballot in California

A pair of proposed 2016 ballot measures tied to cannabis have been filed with the [click to continue...]

Gupta: U.S. Needs Medical Marijuana ‘Revolution’

CNN’s chief medical correspondent Sanjay Gupta gave the medical marijuana industry another shot in the [click to continue...]

National Association for Cannabis Lawyers to Launch

marijuana lawsuit

Two California lawyers have teamed up to start the National Cannabis Bar Association, with the [click to continue...]

Union Nixes Attempt to Organize Workers at NJ Dispensary

Marijuana businesses hoping for some potential legal guidance on unionization from a case in New [click to continue...]

CA Judge Won’t Reschedule Marijuana

A federal judge in California on Wednesday declined to overturn marijuana’s place on the Drug [click to continue...]

Bill Rolling Washington MMJ Into Recreational Program Advances

WashingtonCannabis

Washington State Gov. Jay Inslee will likely sign a bill passed by the Legislature that [click to continue...]

New Jersey Dispensary in Labor Dispute Turned Away By Law Firm

Some attorneys still won’t touch the cannabis industry, it seems. David Knowlton, co-founder of the [click to continue...]

Delaware’s 1st Dispensary Delayed Again, Set For June Opening

The opening of Delaware’s first and only MMJ dispensary has been delayed again, but this [click to continue...]

Millions More Devoted to New York MMJ Industry

NewYorkMedicalMarijuana

Even though New York hasn’t even begun issuing business licenses yet for medical marijuana companies, [click to continue...]

Illinois Gov Won’t Extend MMJ Pilot Program Yet

In response to attempts by lawmakers to extend the timeline for the state’s medical cannabis [click to continue...]

Filings Show Many Banks Working With Cannabis Businesses

Banks have filed more than 1,700 so-called “marijuana limited” suspicious activity reports since the federal [click to continue...]

New Doctor Requirement Could Dampen Arizona’s MMJ Market

arizona medical cannabis

Arizona dispensaries could see fewer new patients after the state’s governor signed a bill forcing [click to continue...]