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California Eyes Legalization of Cannabis in 2016

Ryan Allway

March 4th, 2015

Policy, Top News

California’s voters may have shot down Proposition 19 by a 3.5% margin in a 2010 statewide ballot, but activist groups in the largest U.S. state aren’t deterred in planning their legalization push for 2016.

The cannabis legalization movement has gained a lot of ground since 2010, with Colorado, Washington State, Oregon, Alaska, and Washington DC all implementing their own programs to regulate the sale of recreational marijuana. Arizona, Maine, Massachusetts, Nevada, and several other states are expected to push for the legalization of recreational marijuana in 2016, alongside California – which will be the most-watched state.

Efforts to legalize marijuana in California are being led by the Drug Policy Alliance, American Civil Liberties Union, and the Coalition for Cannabis Policy Reform. The united front has been much more successful in garnering support among Californians for the initiative, while the precedent set by at least four other states has help calm nerves. Many analysts believe that the combination of these factors could lead to a successful push in 2016.

Despite these favorable developments, there are a number of headwinds that could derail the process. Many Republicans remain highly opposed for any such legislation – particularly in the country’s largest state – and they may put up a strong fight to prevent passage. Several possible presidential candidates could also voice opposite to the drug’s legalization, which could discourage some voters on the fence, particularly on the Democratic side.

In the end, the cannabis industry will be keenly focused on these 2016 efforts in California, since the state may very well set the stage for the rest of the nation. If passed, legislation to legalize the recreational use of marijuana could spur the federal government into taking action to ultimately device a cohesive national policy framework.

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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