subject: Prop 19 Misses in 2010 Aims For 2012 [print this page] Prop 19 Misses in 2010 Aims For 2012 Prop 19 Misses in 2010 Aims For 2012
This article comes from PennyPayDay.com where we cover smallcap stocks and other popular issues like Prop 19:
Money and voter apathy were a killers for Prop 19 in California. Late in flows of funds handcuffed advertising plans and only San Francisco voters went to the polls to support the initiative, the important areas around Los Angeles stayed away from voting although many demographiocs supported the bill.
It is clear that it is only a matter of time for Prop 19 and funding efforts no doubt will be top priority as we head into 2012, "The fact that millions of Californians voted to legalize marijuana is a tremendous victory,'' Proposition 19's proponent Richard Lee said. "We have broken the glass ceiling. Prop. 19 has changed the terms of the debate and that was a major strategic goal." Lee said he would attempt to qualify another initiative in 2012 to legalize marijuana.
"With limited resources this time around we were able to build an enormously powerful coalition of cops and moms, law professors and civil rights leaders, liberals and libertarians, conservatives and unions, all for change," Lee said. "This coalition will only continue to grow in size and strength as we prepare for 2012."
Many public companies like General Cannabis Inc have business models revolving around this growing industry and are awaiting passage of Prop 19 and have solid buisness models in place to begin sales and distribution once California Law is in place. Currently General Cannabis Inc is operating as LC LUXURIES LTD (Pinksheets:LLUX) and will be a logical place to go review information about the industry and for this publicly traded company.
Passing Prop 19 in California will only shift the revenue from local dealers to the local tax base and give municipalities a chance to offer better services for residents and will stop local police from harassing drivers and professional business people from a habit many started in the 70's and have done ever since as part of their entertainment budget. This ritualistic form of relaxation has been around longer than many young officers of the law who strive to bust pot smokers who currently are on the wrong side of the fence. Many keep personal usage confined to home use (as they should) to reduce risk.
