Marijuana Legalization: California One Step Closer To Legalizing Recreational Weed Thanks To Billionaire Sean Parker

The money would go to fund substance abuse education and treatment programs, as well as additional law enforcement resources. The California law still would not make the drug legal statewide. Just like Alaskas marijuana legalization laws , local municipalities will have the final word on whether to allow pot sales within their jurisdictions. Over five years ago, California voters shot down similar recreational weed legislation. Proposition 19 was put to a vote in 2010, but received very limited backing and failed to pass. In the 2016 elections, California may yet get another chance. Last week, Californias state attorney general gave the approval to move forward on the Adult Use of Marijuana Act. Now, a minimum of 365,880 petition signatures are needed for it to qualify for the upcoming 2016 general election in November. The state of California and businesses stand to win big should voters approve the use of recreational weed. [Photo by Justin Sullivan/Getty Images] According to ArcView Group, a data company that sells information to investors, says the national marijuana market stands to double should California authorize recreational weed.

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