Soros Gives $1 Million to Back California Marijuana Legalization

Billionaire investor George Soros gave $1 million to support passage of marijuana legalization in California a week before the election, after polls showed the proposal losing steam with likely voters.

“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,” Soros, chairman of Soros Fund Management LLC, wrote in a Wall Street Journal op-ed article today.