Billionaire Sean Parker Donated $500,000 to Legalize Marijuana in California
Published on 1/11/16
The former Facebook president, Sean Parker, has decided to put his money where his mouth is when it comes to marijuana legalization in the state of California. The technology billionaire donated $500,000 to back the proposed initiative to legalize recreational cannabis for adults in California. This measure would allow adults 21 years of age and older to buy, possess, and use cannabis for recreational purposes. The initiative would also impose a 15% sales tax as well as additional state cultivation taxes for citizens. The Adult Use of Marijuana Act now needs to gather 365,880 valid signatures to qualify for November's general election so be on the look out for ways to get involved with this process!
“I’ve been following this issue with great interest for some time,” Parker told Forbes in November, when he first announced his intent to support the campaign. “It’s very encouraging to see a vibrant community of activists, many of whom have dedicated their lives to this issue, coming together around a sensible reform based measure that protects children, gives law enforcement additional resources, and establishes a strong regulatory framework for responsible adult use of marijuana–one that will yield economic benefits for all Californians.”