Marijuana and Cannabis News

Marijuana Legalization Measure Out-Funds Opposition 60-1
By Steve Elliott ~alapoet~ in Legislation
Friday, August 3, 2012 at 3:07 pm
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Voter's Edge Colorado
Marijuana legalization is kicking the ass of the "No" crowd in Colorado
Newly Launched Voter's Edge Colorado Tracks Funding Behind Ballot Measures

Colorado's marijuana legalization ballot initiative -- Amendment 64, which will be on the general election ballot in November -- has out-raised its opposition, when it comes to funding, by an incredible ratio of 60 to one, according to figures from Voter's Edge Colorado.

If Amendment 64 is approved by Colorado voters -- and it's currently leading in the polls -- state and local government would regulate marijuana sales like those of alcohol.

Text of the measure is as follows:

"An amendment to the Colorado Constitution concerning marijuana, and, in connection therewith, providing for the regulation of marijuana; permitting a person twenty-one years of age or older to consume or possess limited amounts of marijuana; providing for the licensing of cultivation facilities, product manufacturing facilities, testing facilities, and retail stores; permitting local governments to regulate or prohibit such facilities; requiring the general assembly to enact an excise tax to be levied upon wholesale sales of marijuana; requiring that the first $40 million in revenue raised annually by such tax be credited to the public school capital construction assistance fund; and requiring the general assembly to enact legislation governing the cultivation, processing, and sale of industrial hemp."

By far, the top contributor to Amendment 64 is the Washington, D.C.-based lobbying group the Marijuana Policy Project (MPP), which has contributed $1,136,654 of the $1.3 million raised in total. MPP is followed by Drug Policy Action, at $65,000, and SAFER Voter Education Fund, at $12,397.

The biggest contributors to the campaign against marijuana legalization in Colorado are some group called "Save Our Society From Drugs," at $12,500; Diane Carlson, at $5,000; and Charles McNeil, at $2,500. The "No" effort had only managed to scare up a meager $21,700 in total, as of July 6.




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