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Sean Parker Doubles His Investment in California’s Legalization Initiative

Sean Parker has doubled his investment in marijuana legalization. Following an initial $500,000 investment earlier in the year, the former Facebook president donated another $500,000 towards the Adult Use of Marijuana Act, according to campaign finance records. 

Parker has now donated $1 million towards the AUMA, which, if approved by voters, would legalize small amounts of cannabis for adults 21 and up in California. The ballot measure is attempting to collect sufficient signatures to qualify for the November ballot — and it looks like it has the money to do that.

AUMA now has $2.25 million in its campaign war chest, according to records — with additional donations coming from WeedMaps, the “Google Maps of pot,” ($500,000 total), the Drug Policy Alliance ($500,000), and a political action committee funded by the heirs of late Progressive Auto Insurance chairman Peter Lewis ($250,000).

But Parker is by far the biggest donor to the effort, so much so that the AUMA is also known as the “Parker Initiative.” Which is odd, considering Parker has thus far said very little about why he’s involved — and, according to one of the organizers behind Oregon’s Measure 91, which legalized adult use cannabis in that state in 2014, he ought to, soon. [Read more at SF Weekly]

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