Campaign to regulate pot sales in Wash. hits $6M

Campaign to regulate pot sales in Wash. hits $6M

Campaign to regulate pot sales in Wash. hits $6M

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by Associated Press

KREM.com

Posted on October 31, 2012 at 1:06 PM

   SEATTLE (AP) -- The campaign to legalize, regulate and tax the sale of marijuana for adults in Washington state raised more than $500,000 in the second half of this month, putting it at over $6 million in total contributions.


   Records filed with the state Public Disclosure Commission show that New Approach Washington, the group pushing Initiative 502, has also spent more than $5.9 million. It's got nearly $67,000 left.


   Initiative 502 would set up a state-licensed system for growing, producing and selling marijuana to adults over 21. Financial analysts estimate it could bring the state hundreds of millions of dollars a year in new tax revenue, but it could also set up a fight with the federal government about whether states can take such steps in light of the federal prohibition on marijuana.

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