The Oakland superstore is only the start. weGrow will soon open two additional California stores and has ambitious plans to expand nationally. It already has about 75 weGrow franchise stores under contract (at $25,000 a pop) in Colorado, Michigan and Illinois. It expects to have an additional 65 franchise stores in California.
George Soros, the multibillionaire investor, will donate $1 million to help pass Proposition 19, the marijuana legalization measure, which he endorsed Monday as "a major step forward."
Cash-strapped California would get some relief by legalizing pot, but the biggest boost would be thanks to massive law enforcement cuts, not new tax revenue, experts say.
Dustin Moskovitz confirmed tonight that he has recently given $50,000 in support of Proposition 19, which is seeking to legalize marijuana in California this November.
The following is my response to the Doomsayers and RCMP spin-doctors within the "California Referendum Could Deal Devastating Blow to BC's Lucrative Marijuana Export Industry" story - found here:
Wells Fargo & Co. — which medical-marijuana dispensary owners say is virtually the only bank in Colorado willing to take their business — has stopped opening new accounts for dispensaries.