Friends in High Places; CA Pot Legalization Initiative's Big Backer

Sean Parker of Facebook and Napster Fame Backs CA Pot Proposal

Former Facebook President and current billionaire Sean Parker is putting his financial might behind a proposed California initiative to legalize the recreational use of marijuana in California. The proposed initiative also includes a 15% tax on retail sales of the drug.

Parker is not the only noteworthy backer. California Lt. Gov. Gavin Newsom has also endorsed the proposal as have the Marijuana Policy Project, Drug Policy Alliance and the California Cannabis Industry Association.

Medical marijuana has been legal in California since 1996 but the state voted against legalization in 2010.

2016 could be the year it happens in California, which often acts as a bellwether for other states.

Link to CNN story.

By: Wesley