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Marijuana

George Soros Places Million-Dollar Bet That Marijuana Legalization Will Pass In California

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Tue, Oct 26, 2010 at 11:25 AM
click to enlarge George Soros put a mil on it.
  • George Soros put a mil on it.

Billionaire George Soros stuffed $1 million into California's pot-legalization bowl -- for an effort that has been hurting in the polls.

California Secretary of State campaign-finance data shows that the Soros made the contribution Tuesday to the Drug Policy Action Committee to Tax Tax and Regulate Marijuana.

The move comes on the day that he wrote a love letter to legalization in the Wall Street Journal.

Here's part of what he wrote:

Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually. It also would reduce the crime, violence and corruption associated with drug markets ...

What we're wondering is, what took him so long? Prop. 19 has been struggling, and now the election is a week away.

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