ProTek Capital Inc (PRPM)

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http://www.thestreet.com/story/12408093/1/california-pot-push-is-postponed.html


NEW YORK (TheStreet) -- California marijuana legalization efforts took a step back as proponents of what is seen as the ballot initiative with the best shot at success decided to call off their signature drive ahead of an April 18 deadline.

The Control, Regulate and Tax Marijuana Act would have allowed anyone over 21 to grow, own or give away up to an ounce of marijuana and grow up to four plants for personal use.

But backers of the proposal told The Los Angeles Times they lacked sufficient funding and would focus instead on getting a proposal on statewide ballots in 2016.