Californians have rejected a ballot measure that would have legalized marijuana in the state.
Proposition 19 would have made it legal for adults of drinking age to possess up to 1 ounce of pot, as well as to grow and smoke the drug in private, and would have authorized local governments to tax its sale.
Billionaire George Soros hoped to boost the campaign a $1 million donation last week. But opponents said that the Prop 19 would stir up a hornet's nest of legal complications. Earlier this month, U.S. Attorney General Eric Holder warned that the U.S. government would "vigorously enforce" federal drug laws even if the proposition passed.
While California, as well as some other states, already allow marijuana use for medical purposes, the proposition attracted widespread attention because it would have made the state the first to legalize pot for nonmedical, or recreational, purposes.
- GREECE DEBT CRISIS: With Eurozone Approval, Bailout Is Back In Private Sector's Hands - CNNMoney
- FORGET ABOUT LEHMAN: Stocks Hit High Not Seen Since 2008 Crisis - IBTimes
- 'A POOR MAN WITH LOTS OF MONEY': What Picasso Can Teach You About Money - CBS News
- BULLIES IN THE WORKPLACE: What To Do To Keep Your Sanity - FOX Business
- WORST OF BOTH WORLDS: High-Deductible Health Insurance Pinches Workers - The Huffington Post
- 'SORE' BEFORE TAKEOFF: Airports Getting Into The Fitness Craze - InvestorPlace
- 'I WAS TOLD THERE'D BE NO MATH': The High Financial Cost Of Erroneous Arithmetic - The Motley Fool
- THE GREATEST AND GREENEST: Highest-Paid Sport Stars Of All Time - 24/7 Wall St.
Add a Comment
The U.S. goverment is like Emperor Palpatine and the American people are like Anakin Skywalker.
November 03 2010 at 7:26 PM Report abuse Permalink rate up rate down Replycalifornia and nevada, should be pushed off into the pacific ocean. voting no on making pot legal, was probably the only smart thing, california has done this year. the state is flat broke, and will have to be bailed out by the rest of us, and the best thing that they have to deal with is a pot initiative, and jerry brown for governor.....then nevada is financially ruined, and harry reid gets reelcted to an office, that he had had since the 70,s.....i mean saturday night live, could not make this up....we need a border fence built up to seperate them from us.
November 03 2010 at 2:08 PM Report abuse Permalink +2 rate up rate down Replywith all of the problems california has weed become a priority. says alot about how f___ up the state is.
November 03 2010 at 1:02 PM Report abuse Permalink +5 rate up rate down ReplyTo the individual's that want to put a fence around California, I'm pretty sure that it would not take too much digging to find total nut jobs where your from as well. You want to build a fence? Try your front yard, lock the door to the hole you live in, and dont come out except to eat which from what I have read you'll still have to be reminded to do. Now I know my spelling is probably off and my grammer sucks but I didnt think I was in english class and that it was about what an individual had to say in these forums and not how well they construct a sentence. As far as pot is concerned I feel that what a person does in THEIR home is THEIR buisness. I also know you are not going to be nominated for parent of the year if your children see you inhaling, and what you do to your lungs is very much your buisness and your choice. You get the whole package though when you make that choice legal ramifications and all. To dumb it down for the individual's that are going to Home Depot to buy fencing supplies, being an ignorant individual as you have so kindly proven by your comments,is a nation wide condition.
November 03 2010 at 11:26 AM Report abuse Permalink -2 rate up rate down ReplyAh..ha! The only reason prop 19 was struck down is it would've set a legal precedent for the other 49 states to follow suit. As for marijuana being legally used for medical purposes; alcohol's used for what.......to legally cause medical problems?
November 03 2010 at 11:18 AM Report abuse Permalink +2 rate up rate down ReplyI was ready to move damn it all!
November 03 2010 at 11:00 AM Report abuse Permalink +2 rate up rate down ReplyI was ready to move damn it all!
November 03 2010 at 11:00 AM Report abuse Permalink +1 rate up rate down ReplyI was ready to move damn it all!
November 03 2010 at 11:00 AM Report abuse Permalink +1 rate up rate down ReplyIt will happen. Now just isn't the time. An article a few days ago, mentioned the multitude of problems that would have to be addressed immediately. The country has too much on its plate to fix at the moment. Although I agree CA needs something fairly quick, and legalization would have most likely solved the problem.
November 03 2010 at 10:58 AM Report abuse Permalink +2 rate up rate down ReplyCalifornia? Didn't the majority of Californiacs vehemently criticize and threaten boycotts against Arizona when they wanted to exercise their right as a state to enforce the law? This must have been karma!
November 03 2010 at 10:54 AM Report abuse Permalink +5 rate up rate down ReplyDailyFinance Wire
- Obama administration seeks online privacy rules
- Calif. pledges better mobile privacy...
- Poll: Obama benefiting from improving economy
- Asia stocks fall amid Greek debt deal doubts
- Rising sales point to better year for housing
- Stocks lower a day after Dow's blip above...
- Mazda shares dive on plan to raise $2 billion
- Oil falls below $106 after US crude supply jump
- Consumer bureau targets overdraft fees
- Home prices at lowest point in more than 10...
- More Americans plan to save their tax refund
- Fighting back in a tough economy
- Fannie, Freddie legal fees: $110 million and...
- Can I use my IRA to buy an apartment building?
- Help for the uninsured: Local currencies
- Consumer bureau targets fine print
- America’s Most Successful Retailers
- Solar Energy to Light up Africa?
- VIVUS Scores FDA Backing For Qnexa Against Obesity (VVUS, OREX, ARNA)
- Very Mixed H-P Earnings Data (HPQ)
- 24/7 Wall St. Closing Bell (AAPL, DELL, MOS, GILD, DNDN, BAS, CYH, LOPE, RRC, CETV, CHS, DLTR, GRMN, NG, RRD, TOL, HSTM, FIRE, THLD, NFX, CELL)
- Opposition Mounts to Verizon Spectrum Acquisition (VZ, VOD, CMCSA, TWC, S, PCS, DTV, DTEGY)
- Dividend Investors: Future Tax Realities In 2012 Presidential Election
- Trying To Find Growth Potential in Solar Stocks (AMAT, FSLR, WFR, GTAT, SPWR, STP, TSL, LDK, JASO)

Broke Stars: 11 Celebrities Who Went Bankrupt
The Hidden $1,000 Bonus Obama Put in Your Paycheck
Money and Power: The Richest and Poorest U.S. Presidents
The Tax Break That Millions Miss Out On
Allen Iverson Is Broke: What His Sinking Fortunes Can Teach Us



67 Comments