Gov. Jerry Brown Signs Tree Bills Aiming to Regulate Pot Industry in California
Gov. Jerry Brown has signed three bills aiming at developing guidelines for licensing, producing and testing marijuana within the burgeoning industry. About 20 years back, using pot for medical purposes was legalized in the nation by the state, but was missing signatures from Mr. Jerry Brown.
Some of the wealthy investors like Napster co-founder and Facebook investor, Sean Parker, are keenly interested in investigating the potentially lucrative industry. Nate Bradley, the executive director of the California Cannabis Industry Association, said that well-off investors are doing a good job to get past their differences. Brown’s decision has been appreciated by the Marijuana Policy Project, an advocacy organization based in Washington.
Lauren Vazquez, the project's deputy director of communications, said that patients can now have legal access to marijuana. “New guidelines for testing and labeling products will ensure patients know what they are getting and that it meets appropriate standards for quality”. The approval of new regulations marijuana will act as framework to use marijuana similar to the way alcohol is produced, distributed and sold in the nation.
In 2010, Facebook co-founder Dustin Moskovitz donated money to the failed California effort to legalize the leaf. Moreover, Peter Thiel, one of the founders of PayPal, has also invested millions through his Founders Fund in Privateer Holdings, the parent company of the Bob Marley-branded marijuana line, Marley Natural.
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