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California Could be the Key to Legalization Nationwide

Ryan Allway

May 5th, 2015

Policy, Top News

The legalization of adult-use marijuana in California represents more than twice the combined size of Colorado, Washington, Alaska, and Oregon, which could be enough to push the federal government toward taking a decisive action.

California was the first U.S. state to legalize medical marijuana back in 1996, while hundreds of dispensaries have made smoking a common activity in the state.

Voters rejected a similar legalization measure in 2010, but supporters believe the 2016 presidential election gives them a better shot. With the legalization of adult-use marijuana in four states and Washington D.C., the legalization of marijuana would be less of an uncertainty in terms of implementation. Public opinion has also shifted – with these nationwide efforts – in favor of decriminalization.

In recent surveys, 55% of Californians supported legalization of marijuana, while 43% indicated that the drug should remain illegal. These levels of support are the highest they’ve been since the question began polling back in 2010 when the original ballot measure failed.

Many opposition groups remain well funded though and a tough fight remains before the state joins the ranks. According to some experts, a $10 million fund could be sufficient to successfully oppose legalization with extensive field operations and organized groups in education and law enforcement.

On the other side, many large donors seem committed to progressing legalized marijuana into law. Billionaires George Soros and Sheldon Adelson have both contributed over $1 million to the cause in the past and could step up to push California – and perhaps the nation – over the edge. Those campaigning for legalization say they’ll need at least $20 million to run a successful campaign.

In the end, all eyes will be on California during the 2016 presidential election, which could prove to be a turning point in the War Against Drugs.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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