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I got my eye on this one but according to indications, Im waiting for it to go back up. Hoping that it drops a lil more so I can get in. Good luck everyone and wish you all the best and more $$$
Im glad I got in before its too late. Got in at .104
Long time holder here, over 2 years. I for one am glad that article came out... Allows my funds time to clear so I can buy next week on the dip :) Will do the same on MJNA!
No worries here... been holding since .002's So im still way ahead!
Locked and Loaded for 2+ years now. Got in at .002 and have been waiting on this bad-boy to blow up! Waiting this out...
Not concerned for the short term
I got in at .002 a few years back and holding....
I live in Sacramento (California capitol)...
I am a Mexican-American conservative who has spoken with alots of different people and it did not matter what there beliefs or background. They all supported Prop 19. It makes me laugh when I see or hear reports of Prop 19 behind in the polls! Makes me wonder where thay are getting there info from. Probably calling a retirement home? Based on the feedback I have gotten from alot of people, I strongly believe that this will pass!
About the Attorney General threatening people if this passes...BS!
Its against the law federally for the marijuana dispensaries to be operating but you no longer hear about them kicking down the door to shut them down or bust them, right? RIGHT! He's using that as a tool to scare people. Hes not going to send police to your house and the local police are not going to bust you for violating federal laws. Enough said. I really think this is going to pass by around 60-40
Snoop Dogg joins campaign to support Prop 19
Video: http://latimesblogs.latimes.com/lanow/2010/10/snoop-dogg-joins-prop-19-campaign-to-legalize-marijuana-in-california.html
NO OCTOBER SURPRISE: We knew this was coming. Snoop Dogg now has a video out backing the effort to legalize marijuana in California. Prop. 19 is behind in the polls, so we'll see whether the rapper can turn things around.
Prop. 19 supporters apparently coy with pollsters
I BELIEVE THIS TO BE TRUE!
For generations, pro-marijuana Californians have hid their dope preference from their parents, their teachers and their co-workers.
And now, perhaps, from their pollsters.
The campaign team behind Proposition 19, which is working to legalize, tax and regulate marijuana for Californians over 21, has noticed an odd trend among public and internal polls on the measure: People are less likely to tell a live person that they support legalizing pot than an automated pollster.
It's reminiscent of 1982, when state voters told pollsters they wouldn't have any problem supporting Tom Bradley as the state's first African American governor. But when they entered the voting booth, enough of them voted instead for George Deukmejian that Bradley lost as a result of what has been dubbed the "Bradley Effect."
National pollster Nate Silver calls the Prop. 19 version of this "The Broadus Effect" - after weed-loving Calvin Broadus, a.k.a. rapper-actor Snoop Dogg. The "Broadus Effect" adds another layer of intrigue to an already mysterious demographic: supporters of legalized marijuana.
Nobody can say how many are out there - and how many will vote.
It can be challenging to survey voters on socially controversial issues such as same-sex marriage and drugs, where people may be reluctant to share their views without "feeling as though they're being judged," said Scott Keeter, director of survey research at the Pew Research Center.
"Men - especially younger men - are less likely to be supportive when they're talking to a live pollster," said Ruth Bernstein, the Oakland pollster for Prop. 19. "The polling we're seeing is telling us that there is something going on here, but we're not quite sure what it is yet."
Bernstein was so curious that on Oct. 13-14, the campaign ran side-by-side polls - one using live questioners, the other using automated voices. When a live person asked, 41 percent of the respondents favored legalizing pot, but when asked by an automated questioner, 56 percent said they supported legalization, according to the internal poll.
Among men, 42 percent told a live interviewer they backed legalization - but 61 percent backed legalizing dope to an automated questioner.
Support for Prop. 19 has slipped recently in public-opinion polls, with a Public Policy Institute of California survey last week showing 44 percent of likely voters supporting it to 49 percent opposed. The month before, the survey found 52 percent support.
Public Policy Institute of California CEO Mark Baldassare was skeptical of a "Broadus Effect."
"There's a difference in telling someone you support changing a law - and what you are doing yourself. There's no social stigma involved in changing a law."
E-mail Joe Garofoli at jgarofoli@sfchronicle.com.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/10/29/MN7O1G3MNR.DTL#ixzz13lQAWsgR
Already up %25. Hope none of you are too late to get in while its real low!
If you have done your own homework on this then you would know that the polls are varying. Some have it passing currently and others dont. Here is the kicker..... George Soros has recently donated 1 MILLION for Prop 19. This means more advertisement than those who are against Prop 19. They cant even afford t.v. advertisement! This will put Prop 19 over the top. Dont underestimate this...Its going to pass!
Welcome to Potopia, California
http://www.newsweek.com/content/newsweek/2010/10/25/prop-19-making-pot-legal-in-california.html
When it comes to legalizing pot, it's easy to imagine the kind of radical scenarios Californians are conjuring in their heads. Perhaps they own a business, and worry about high-as-a-kite employees stumbling into work—submitting psychedelic Power Point presentations to drowsy bosses. Maybe they're parents, wondering how their kids will react when they come home from school to find mom and dad sprawled out on the couch, surrounded by cookie crumbs. Or perhaps they're entrepreneurs, their eyes bulging over the idea of commercializing pot for good: imagining billboards, popup bars, and everything in between.
The predictable scenes from a legalized California, should voters pass Proposition 19 on Nov. 2, are seemingly endless, and they've managed to strike fear (and excitement) in the hearts of many. But the reality is that California became a kind of pot utopia years ago—complete with clubs that sell it, cities who tax it, and tourists who hit the Pacific Coast Highway in search of the Golden State's best bud. Prop 19 would make California a trailblazer, legally. But would it really change that much about the culture?
Courtesy of Pentagram
In government terms, Prop 19 would shield Californians who have up to an ounce in their posession from prosecution—assuming they're 21. It would allow adults who want to grow the stuff to do so, in the privacy of their homes, on up to 25 square feet of land. Local governments could then decide to sanction commercial production (if they so choose), and tax its sale—using the funds for things like libraries, parks, or schools. But if approved, the measure also would put California head to head with the federal government, where marijuana remains illegal (and Attorney General Eric Holder has vowed to "vigorously" enforce its ban). Opponents wonder how it could possibly work to have each of California's 478 cities implement separate taxation policies, and question whether legalization would cause usage rates to hit the roof. Supporters push back with stats about American dependence on Mexican drug cartels, and the $300 million California might save if it cut back on prosecuting low-level marijuana offenders each year.
These are important legal (and financial) questions. But for anyone who's been to California recently, it's easy to forget that recreational marijuana isn't permitted there already. In 1996, California became the first of 14 states to sanction medical pot use; getting the state-issued ID card that allows access to medical marijuana may cost you, but it requires little more than convincing a doctor you have cramps. California is now home to thousands of pot dispensaries operating both legally and illegally, as well as a number of cities where pot sales are being taxed—and even a marijuana university. It's been estimated that 400,000 Californians smoke pot legally each year—and another 2 million do so illegally. In a new national NEWSWEEK poll, almost half of respondents said they'd support a measure similar to Prop 19 in their own state, and 57 percent said they oppose the federal government's right to prosecute legal marijuana users in California.
Critics may be right when they say statewide implementation of a legalization measure could be murky. As Sen. Dianne Feinstein has put it, it would make for a "jumbled, legal nightmare." But the truth is that marijuana cultivation and distribution are already "tightly woven into [California's] economy," as the Los Angeles Times has written—part of a $14 billion industry that's already grown in homes, and even national parks. "People are no longer outraged by the idea of legalization," as former San Francisco mayor Willie Brown recently put it. "And, truth be told, there is just too much money to be made [from it]."
It's impossible to predict how much Prop 19 could really change things, but perhaps the best test case would be the city of Oakland. There, commercial pot production has been taxed since 2005, sold among four licensed dispensaries operating downtown. But crime hasn't gone up in Oakland as a result; there aren't glassy-eyed potheads asleep on benches around every bend. In fact, regulation has done something of the opposite: licensed "coffee shops" have lured new business to the area, and the $2 million in taxes that's expected to come in this year, according to the city's tax administrator, will go toward things like filling potholes, renovating parks, and funding recreation centers. "The reality," says Richard Lee, a local entrepreneur (and Prop 19's primary sponsor), "is [that] we're creating jobs, improving the city, filling empty store spaces, and when people come down here to Oakland, they can see that."
Come Tuesday, it may be precisely that kind of economic lure that has the biggest impact on California voters. But when it comes to the cultural impact, it seems pot may have already gone mainstream. "This is a new world," Robert MacCoun, a professor of law and public policy at the University of California, Berkeley, tells NEWSWEEK. "If you'd have asked me four years ago whether we'd be having this debate today, I can't say I would have predicted it." It may indeed be a new world, but it could also look an awful lot like the current one.
Great article and right on!
Read this and I beleive that most people would agree with this also:
By GEORGE SOROS
Our marijuana laws are clearly doing more harm than good. The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.
Law enforcement agencies today spend many billions of taxpayer dollars annually trying to enforce this unenforceable prohibition. The roughly 750,000 arrests they make each year for possession of small amounts of marijuana represent more than 40% of all drug arrests.
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, and the violations of civil liberties and human rights that occur when large numbers of otherwise law-abiding citizens are subject to arrest. Police could focus on serious crime instead.
The racial inequities that are part and parcel of marijuana enforcement policies cannot be ignored. African-Americans are no more likely than other Americans to use marijuana but they are three, five or even 10 times more likely—depending on the city—to be arrested for possessing marijuana. I agree with Alice Huffman, president of the California NAACP, when she says that being caught up in the criminal justice system does more harm to young people than marijuana itself. Giving millions of young Americans a permanent drug arrest record that may follow them for life serves no one's interests.
Racial prejudice also helps explain the origins of marijuana prohibition. When California and other U.S. states first decided (between 1915 and 1933) to criminalize marijuana, the principal motivations were not grounded in science or public health but rather in prejudice and discrimination against immigrants from Mexico who reputedly smoked the "killer weed."
Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade—and who would rapidly lose their competitive advantage if marijuana were a legal commodity. Some claim that they would only move into other illicit enterprises, but they are more likely to be weakened by being deprived of the easy profits they can earn with marijuana.
This was just one reason the Latin American Commission on Drugs and Democracy—chaired by three distinguished former presidents, Fernando Henrique Cardoso of Brazil, César Gaviria of Colombia and Ernesto Zedillo of Mexico—included marijuana decriminalization among their recommendations for reforming drug policies in the Americas.
Like many parents and grandparents, I am worried about young people getting into trouble with marijuana and other drugs. The best solution, however, is honest and effective drug education. One survey after another indicates that teenagers have better access than most adults to marijuana—and often other drugs as well—and find it easier to buy marijuana than alcohol. Legalizing marijuana may make it easier for adults to buy marijuana, but it can hardly make it any more accessible to young people. I'd much rather invest in effective education than ineffective arrest and incarceration.
California's Proposition 19, which would legalize 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. Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws. And just as California provided national leadership in 1996 by becoming the first state to legalize the medical use of marijuana, so it has an opportunity once again to lead the nation.
In many respects, of course, Proposition 19 already is a winner no matter what happens on Election Day. The mere fact of its being on the ballot has elevated and legitimized public discourse about marijuana and marijuana policy in ways I could not have imagined a year ago.
These are the reasons I have decided to support Proposition 19 and invite others to do so.
Mr. Soros is chairman of Soros Fund Management and founder of the Open Society Foundations.
Medical marijuana tax revenue helping Colo Springs
http://www.cnbc.com/id/39821595
COLORADO SPRINGS, Colo. - Sales tax revenue from medical marijuana could help pay for a new police unit to monitor the business, Colorado Springs officials say.
Medical marijuana sales taxes are bringing in about $50,000 a month for the city, The Gazette of Colorado Springs reported Sunday.
The City Council is also considering a proposal to set up a four-member team in 2011 to enforce medical marijuana regulations and zoning.
"We have a whole new industry that we have to make sure it's done safely and it's not having an impact on quality of life in the community, as well as other crimes," said Deputy Police Chief Pete Carey.
"We have to make sure that as it starts, we pay attention to it," he said.
The team would include three police officers and a code-enforcement officer. The team would cost $331,000 a year and would be funded by medical marijuana sales taxes.
It would be part of the Metro Vice, Narcotics and Intelligence task force.
Police statistics show little or no increase in illegal activities associated with medical marijuana, but Lt. John Godsey, head of the narcotics task force, said following up on reports of possible marijuana violations has taken time away from investigating narcotics dealers.
Tanya Garduno, president of Colorado Springs Medical Cannabis Council, said setting up a marijuana enforcement team was an overreaction.
A new state law will require regular visits by state auditors and video monitoring of marijuana dispensaries starting July 1, she said.
Triton Gulczynski, owner of Crossroads Medical Marijuana Center, welcomed closer monitoring by police.
"We want to be regulated," said Gulczynski. "We're all about being on the books."
The sales taxes from medical marijuana has also helped the cash-strapped city pay for such services as mowing grass on street medians and could lead to the resumption of some Saturday bus service.
Everyone wants\needs a peice of this:
http://www.cnbc.com/id/39810304
BERKELEY, Calif. - As Californians weigh whether to legalize marijuana statewide, many cash-strapped cities across the state will also consider ballot measures to tax on the drug.
Even if voters don't legalize pot for recreational use, cities from Sacramento to San Jose could still come away from Election Day with a hefty new source of revenue from taxes on medical marijuana.
Backers of Proposition 19 have pushed legalization as a moneymaker for cities, since the statewide measure gives local governments the power to decide whether to allow and tax sales of the drug.
But many cities already have retail outlets selling pot legally for medical use. And city leaders have not felt a need to wait for the rest of the state to decide whether they can make money off an industry that seems to be thriving despite the recession.
"Any source of revenue is a good thing," said San Jose City Councilman Pierluigi Oliverio, the main backer of a measure that would allow the city to tax marijuana businesses at a rate of up to 10 percent — the highest in the state.
San Jose has been laboring this year to close a $118 million budget deficit. This city of nearly 1 million residents laid off 49 firefighters this summer and asked all city employees to take a 10 percent pay cut. At the same time, its neighborhoods have seen a huge influx of medical marijuana dispensaries, leading to tension with law enforcement and a contentious effort to regulate the clubs.
The ballot measure will not only raise money for police, fire, parks and streets but also help ensure the dispensaries are operating within state law by requiring financial audits, Oliverio said. As in several other cities with similar proposals, the San Jose measure has no formal opposition.
Other cities looking to pot to raise revenue include Sacramento, where a ballot measure would impose a 4 percent tax on medical marijuana businesses and up to a 10 percent tax on recreational pot retailers if Proposition 19 passes. Berkeley would impose a 2.5 percent tax on medical marijuana while the tax in nearby Richmond would be 5 percent.
The measures are facing opposition from some medical marijuana advocates who say the extra costs could end up getting passed on to patients.
Americans for Safe Access spokesman Kris Hermes says his group opposes the measures because medical marijuana patients already pay sales tax for their drug, while prescription medications are exempt. More taxes could make the cost of medical marijuana prohibitive for some, Hermes said.
"We understand that local economies are strapped and people are looking for creative ways to gain greater revenue," he said. "We're just hoping that local government understands the plight of patients and shifts that tax burden away from the patient community."
Yet dispensary owners were also a driving force behind the country's first special tax on marijuana, which Oakland voters approved last year. To burnish their image as good neighbors, dispensary owners including Richard Lee, the main sponsor of Proposition 19, supported a big tax hike on medical marijuana sales.
Under the measure, the four clubs allowed to operate in the city now must pay $18 for every $1,000 in gross sales instead of $1.20, the rate applied to other retail businesses.
Based on sales of nearly $28 million, Oakland city auditor Courtney Ruby expects the city to reap more than $500,000 in pot tax revenue this year.
This November, Oakland voters will be asked to consider raising that rate to $50 for every $1,000 in sales. Under the proposed new rate, the city's revenue would rise to nearly $1.4 million — still a small chunk of the $31 million deficit.
The city laid off 80 police officers this summer in an effort to close that gap.
As residents weigh their decision, the Oakland City Council is considering whether to expand the number of licensed dispensaries from four to eight while doubling the clubs' annual fees from $30,000 to $60,000.
Other cities putting pot taxes before voters include Albany, La Puente and Stockton. A Long Beach measure would impose a 15 percent tax if Proposition 19 passes on any businesses that sells recreational marijuana.
Meanwhile, at least one California city is proposing a tax on pot that seems designed not to raise money for municipal coffers but to discourage growing or selling the drug in the city at all.
Current zoning laws in the Sacramento-area suburb of Rancho Cordova do not allow for medical marijuana dispensaries within city limits. Under a measure on the November ballot, the City Council could demand even home growers pay the city $600 to $900 per square foot for the right to cultivate the crop for personal use.
If Proposition 19 passes, state residents could legally grow pot gardens up to 25 square feet on private property. Under the Rancho Cordova proposal, such a garden would cost a grower $15,000 in taxes.
Rancho Cordova Mayor Ken Cooley said the proposed rates are an upper limit and that the city is not trying to outlaw pot. At the same time, he said that since incorporating in 2003 the city has worked hard to overcome its image as Sacramento's "dumping ground."
Older residents are particularly concerned about home invasions and other crime they see as associated with homegrown marijuana, Cooley said. Also, he said big marijuana gardens have an odor that neighbors cannot escape.
"What we've put out there is a tool in the toolkit. It's not a minimum, it's a maximum," Cooley said. "It's trying to work within the legal framework ... not trying to trick the voters."
At least two other cities in the state are proposing to send a very direct message to would-be marijuana entrepreneurs within their limits: stay away.
In Santa Barbara and the central coast fishing town of Morro Bay, voters will decide whether to ban medical marijuana dispensaries outright.
Opponents of the Morro Bay measure argue that not only will dispensaries provide pot to patients but will bring tax revenue to the city. Other city businesses disagree.
"The Morro Bay Chamber of Commerce has been promoting Morro Bay as a nature lover's, family friendly and tourist destination," supporters write in the official argument in support of the ban. "How can that possibly be reconciled with storefronts selling a drug illegal under federal law?"
Humboldt County Board Endorses Pot Legalization Measure
Story
ARCATA —
Lawmakers in the heart of California's pot country have reluctantly thrown their support behind the November ballot initiative to legalize recreational marijuana use.
The Humboldt County Board of Supervisors voted 4-0 Tuesday to endorse Proposition 19. One member abstained from voting.
Proposition 19 has faced unexpected opposition from outlaw growers who worry legalization could lead to plummeting marijuana prices.
But supervisors backing the measure said they could not ignore marijuana's role in the county's economic future.
Humboldt's reputation as a marijuana mecca began in the 1970s, and its name has since become a selling point for marijuana sold across the country.
The California State Association of Counties has come out against the measure.
Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
I think your right. I expect an early jump in the opening session and do the same as the previous days when this roller coaster was riding upward. I do expect a major increase during and after the Marijuana Conference for the 25th and 26th. Hopefully none of you jumped out and then end up seeing this jump to over $0.25.
Ask yourself this. Do you see alot of ads pro-marijuana? No but now when the spotlights on it and the prop, this thing will blow up!
You know where its going..... Where else? UP. Check it out and hopefully for you your not too late. Ive been in and riding this rollercoaster all the way to the top.
Ask yourself this. Would you want to pay $20 on the street for 1 gram for some average marijuana or go to the store where you dont have to worry about getting robbed, beat or even killed for your $20. Plus, get 5+ grams for better quality marijuana for the same price? Enough said.
Also, if your county is in a situation where they could barely pay for the cops and firefighters as it is now. They could earn alot of tax revenue to help pay for additional local services.
All im saying is that there is alot of good that can come out of legalizing this!
Im not being scared away from this one! Im holding for the long and accumulating along the way. People are going to regret selling this low. Theres only several more days left til this thing blows like a volcanoe.
Its already heading back up. Dont be afraid people! Be patient.
Looks like the selling stopped... Get ready for the next wave! There trying there best to get this to drop lower but its not going to happen.
I live in Sacramento and the last poll I remember seeing on the late night news was that Prop 19 was winning 59-41. This was about a week ago and I think this will widen! People, dont sell and you will reap the rewards!
Add to the fact that it looks like those idiots that dont understands that there sitting on a goldmine, are selling. Its ok, cause there going to regret it! Hold steady guys.... They cant hold it down too long
Expected Results...
IMO, anyone who purchased at under $0.25 prior to Nov 2nd will reap the profits! Think about it.... Imagine buying into say a whiskey company before prohibition ended? Then that company ended up being Jack Daniels an you got in under .25\per share.... You get the idea!
I live in Sacramento and watch the local news almost nightly and the last poll I seen Prop 19 was I believe up 59-41. Very good odds if you ask me! Medicinal use is big and alot of people take advantage of it because you get more and better stuff for the same price as you pay on the streets. If you ask me, everyone who got in at under $0.25 is going to enjoy this nice ride...