Influential George Soros backs Proposition 19 [Updated]

[Soral]

George Soros, the multibillionaire investor who helped bankroll three initiatives to change drug laws in California, endorsed the marijuana legalization initiative Monday and plans to make a major financial contribution to the campaign.

Soros, who invested $3 million in the medical marijuana initiative and two other measures, made his announcement in an opinion piece published online by the Wall Street Journal. "Proposition 19 already is a winner no matter what happens on election day. The mere fact of its being on the ballot has elevated and legitimized public discourse about marijuana and marijuana policy in ways I could not have imagined a year ago," Soros wrote. The article is scheduled to appear in Tuesday’s print edition.

http://latimesblogs.latimes.com/lanow/2010/10/multibillionaire-investor-george-soros-backs-proposition-19.html