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Green for Green: Why the World’s Billionaires Support Prop 19

Green for Green: Why the World’s Billionaires Support Prop 19

When Proposition 19 was first introduced, most people had little faith it would ever make it to the ballot. In general, the chronically stoned do not have an excellent track record for enacting things into law or even completing tasks that require significantly less of an attention commitment.

People, even those vehemently opposed to the legalization of marijuana in California, were not sweating it. That was before the bill began to attract the attention of individuals far outside the archetypal stoner they envisioned to be behind the bill. People like Facebook co-founder Dustin Moskovitz and multi-billionaire hedge funder George Soros (both on the Forbes 400 richest person list). Google software engineers pledged money and so did the C.E.O. of Men’s Warehouse, but why have billionaires chosen this as the issue to take a stance on.

WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.

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