MJ Investors Ready to Spend Millions if Cali Passes Prop 64

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Investors Ready to Spend Millions if Cali Passes Prop 64

With support for Proposition 64 trending high, a variety of organizations are laying the groundwork for a marijuana industry they say would boost California’s economy, create jobs and enhance public safety.

“The support has been enormous,” said Steve Gormley, founder and CEO of Seventh Point LLC, a Los Angeles-based private equity fund focused on the acquisition of legal and compliant cannabis industry assets in Los Angeles County. “We’re focused on distribution through dispensaries and opportunities for manufacturing through cultivation.”

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