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BILLIONAIRE financier George Soros has contributed $US1 million ($1 million) to Proposition 19, a ballot measure that would legalise marijuana in California, according to a report in The Sacramento Bee.
Overnight, The Wall Street Journal ran an opinion piece by Mr Soros in which he said he was in favour of legalising the drug.
"California's Proposition 19, which would legalise the recreational use and small-scale cultivation of marijuana, wouldn't solve all the problems connected with the drug. But it would represent a major step forward, and its deficiencies can be corrected on the basis of experience," Mr Soros wrote.
He added that he felt regulating and taxing the drug would save taxpayers billions of dollars in enforcement and incarceration costs and create government revenue.
Mr Soros, a major donor to Democratic candidates and causes, has, in the past, supported efforts to decriminalise marijuana and reform sentencing requirements for drug-related offenses.
http://www.news.com.au/business/bil...-to-legalise-pot/story-e6frfm1i-1225944019176
Overnight, The Wall Street Journal ran an opinion piece by Mr Soros in which he said he was in favour of legalising the drug.
"California's Proposition 19, which would legalise the recreational use and small-scale cultivation of marijuana, wouldn't solve all the problems connected with the drug. But it would represent a major step forward, and its deficiencies can be corrected on the basis of experience," Mr Soros wrote.
He added that he felt regulating and taxing the drug would save taxpayers billions of dollars in enforcement and incarceration costs and create government revenue.
Mr Soros, a major donor to Democratic candidates and causes, has, in the past, supported efforts to decriminalise marijuana and reform sentencing requirements for drug-related offenses.
http://www.news.com.au/business/bil...-to-legalise-pot/story-e6frfm1i-1225944019176