Tag: stands

Camarillo business drives funding of cannabis initiative, stands to benefit

The political committee backing an initiative for commercial production of marijuana in Ventura County has spent nearly $1.5 million and raised nearly all its campaign funding from a business that stands to benefit.



a close up of a green plant: Marijuana


© STAR FILE PHOTO
Marijuana

More than 99% of the $1.7 million raised came from Glass Investments Projects, Inc., according to public documents filed by Ventura County Citizens for Responsible Cannabis Cultivation, the committee promoting Measure O on the November ballot.

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The business would like to see its patented climate-control technology implemented in the greenhouses where the marijuana would be grown, said Jeanette Lombardo, CEO of Glass Investments Projects.

“This is simply a business investment,” said the executive at the patent management company in Camarillo. 

Election 2020: Two candidates running for Camarillo City Council in District 4

The company would make money from sales and consulting on use of the technology, she said. 

The initiative

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Billionaire Ken Griffin drops extra $26.7M against Pritzker’s graduated-rate income tax amendment proposal. His total stands at more than $46.7M

Ken Griffin, the billionaire founder and CEO of the Chicago-based Citadel hedge fund and investment firm, put another $26.7 million into the campaign against billionaire Democratic Gov. J.B. Pritzker’s ballot proposal to shift the state from a flat-rate income tax to a graduated tax with rates that increase with income.



Ken Griffin wearing a suit and tie standing in front of a building: Ken Griffin, the founder and CEO of Citadel, in 2014.


© E. Jason Wambsgans/Chicago Tribune/TNS/Chicago Tribune/TNS
Ken Griffin, the founder and CEO of Citadel, in 2014.

With Griffin’s latest investment, he has now given $46.75 million of the approximately $48.1 million million that has been received by the Coalition to Stop the Proposed Tax Hike Amendment. In August, Griffin gave the group $20 million.

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Griffin and Pritzker are the main funding sources of the campaigns for and against the proposal asking voters to change the state’s constitution to replace Illinois’ current flat-rate income tax with a graduated-rate tax. Pritzker, an heir to the Hyatt Hotel fortune, has given

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