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.
Marijuana cultivation facilities have been specifically identified as a key contributor to Denver’s increasing electric [click to continue...]
Five Alaskans were appointed to a board that will craft laws governing the state’s recreational [click to continue...]
The New York Health Department may announce winners of the five medical cannabis licenses up [click to continue...]
The Green Rush is back on in Massachusetts. The opening of the first medical cannabis [click to continue...]
Rules governing Oregon’s recreational marijuana market are taking shape, with state lawmakers sending two bills [click to continue...]
Republican presidential candidate Rand Paul made a splash in Denver on Tuesday, raising an estimated [click to continue...]
Dispensaries could be open in Hawaii in just over a year, as a bill establishing [click to continue...]
In an attempt to get around obstructionists in the state House of Representatives who have [click to continue...]
And then there were five. Dispensaries permitted in New Jersey, that is. Compassionate Sciences, Inc. [click to continue...]
Louisiana Gov. Bobby Jindal has signed a bill making his state the latest in the [click to continue...]
In another sign of the marijuana industry’s growing national reach, a New York-based real estate [click to continue...]
Washington State growers and processors would no longer pay a 25% tax on cannabis and [click to continue...]
Delaware’s only licensed medical cannabis dispensary officially opened in the northern town of Wilmington on [click to continue...]
Canadian medical marijuana producer and distributor Tilray said it will lay off 61 employees as [click to continue...]