Billionaire investor George Soros’ efforts to legalize marijuana in California appear to have been wasted. Despite a $1 million donation in support of California’s Proposition 19 and a heartfelt op-ed in The Wall Street Journal, voters have spurned the budding ballot issue.
Advocates attempted to sell the Regulate, Control and Tax Cannabis Act as a fiscal boon to California. The initiative would have made it legal for people 21 and up to possess an ounce of pot, smoke pot in private places and certain designated areas and grow small marijuana gardens.
Soros joined retired insurance company executive Peter Lewis and Men’s Wearhouse CEO George Zimmer among the pro-weed donors. Presumably, none of the three likes the way their legislative investments look.
mtaylor [at] observer.com | @mbrookstaylor