Let’s take a look at who is bankrolling — both for and against — the effort around Prop 64, California’s re-legalization of cannabis.
FOR: The official Yes on 64 campaign has raised more than $15 million, with another $4 million sitting in funds for supporting committees. The campaign has spent $11.3 million, per the latest report filed Sept. 29, with $6.5 million spent on TV and radio ads now airing.
Major funding has come from New Approach PAC, which is a legacy of Progressive insurance mogul Peter Lewis; advocacy group Drug Policy Action, with funding from billionaire George Soros; and Irvine-based Weedmaps. But roughly half of the measure’s money has come from one man: Sean Parker.
The Silicon Valley billionaire who co-founded Napster and was instrumental in Facebook’s early days hasn’t commented on why he supports the measure. But a campaign spokesman insists it’s a moral rather than financial issue for Parker. “He has zero interest in the marijuana industry and he never will,” spokesman Jason Kinney said. “He cares about social justice.”
On the other side:
AGAINST: The No on 64 campaign has raised more than $1 million and spent nearly half of it, including $50,000 on TV ads. Some contributions have come from local law enforcement groups and individual residents. But more than $900,000 or 82 percent of the fundraising total has come from a nonprofit affiliated with Smart Approaches to Marijuana or SAM, a Washington, D.C.-based organization that fights marijuana legalization across the country. And all of the money SAM has contributed has come from one woman: Julie Schauer.
Online records show Schauer is a retired East Coast art professor who manages a family trust apparently linked to her father’s days as a banker. She hasn’t done interviews about her opposition to Prop. 64, though social media posts indicate she believes marijuana can be linked to violence and mental illness.
A lack of adequate protections for kids and drivers is a key argument cited by Prop. 64 opponents, including elected leaders such as Democratic Sen. Dianne Feinstein and public safety officials such as Orange County District Attorney Tony Rackauckus.
Lots more detail at the original post HERE.
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