South Dakota’s Adult-Use Cannabis Legalization Ballot Sparks Major Funding Race

In a neck-and-neck financial race, both proponents and opponents of South Dakota’s adult-use cannabis legalization initiative have amassed nearly equal funds, setting the stage for a heated debate ahead of the November 5 ballot. Campaign contributions have surged from both sides, raising a total of about $915,000, which highlights the state’s sharply divided stance on this issue.

Key Donors Fuel South Dakota’s Legalization Debate

Proponents of the marijuana legalization ballot measure, Initiated Measure 29, have amassed approximately $458,000 in contributions, largely fueled by the cannabis industry, according to the South Dakota Searchlight. The principal proponent, Yes on 29 Ballot Committee, reported taking in $436,000, with about $300,000 stemming from businesses within the cannabis sector. The largest donation, $100,000, came from GL Partners Inc., a medical marijuana dispensary in Rapid City.

  • Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If …

Full story available on Benzinga.com

Leave a Reply

Your email address will not be published. Required fields are marked *