The marijuana law reform movement enjoys great momentum, as anyone who has been paying attention the last 3+ years has noticed. With the ranks of activists nationwide growing all the time, there are only two things that can slow down and even temporarily derail legalization. One is a new president who decides that his or her administration needs to step in and enforce federal law in the states that have legalized cannabis. The second is money.
Of course, money by itself is not the danger. Money in the hands of someone who wants to see legalization fail is a different matter altogether. Cue the entrance of Sheldon Adelson.
Sheldon Adelson is a casino magnate that owns parts of casinos in Las Vegas, Pennsylvania, China and Singapore. According to Forbes Magazine, he is worth roughly $28 billion, which makes him the 18th richest person in the world.
A very generous man when it comes to Republican politics, Adelson has in recent years spent a ton of money sinking medical marijuana in Florida in 2014; more recently he bought the Las Vegas Review-Journal and is already pressuring their editorial board to reconsider their stance on marijuana legalization.
It’s likely that Adelson could be looking at several states in which to swing his scythe against cannabis legalization in 2016, including California and the home of several of his properties, Nevada. So far Adelson seems to be the only billionaire willing to put up serious money to stop, or least slow down, marijuana law reform.
While one man can only do so much, if he has a lot of money, he can do a lot of damage playing on the fears of older people who still buy a lot of reefer madness propaganda. If you are someone who wants to see marijuana legalized, don’t forget the name Sheldon Adelson.