YiLo, a medical marijuana edibles maker in Arizona, announced its support for the Regulation and Taxation of Marijuana Act ballot initiative, which would legalize, regulate, and tax marijuana for adult-use in Arizona.
YiLo committed a $100,000 cash donation to the Campaign to Regulate Marijuana Like Alcohol (CRMLA) in Arizona, which is the campaign supporting the ballot initiative. YiLo will also provide an additional $100,000 if other Arizona marijuana industry business owners also commit $100,000.
“We believe YiLoLife can be a valuable ally to the CRMLA and the broader movement to legalize marijuana in Arizona,” said Carsten Loelke, CEO of YiLoLife. “We are already delivering innovation and differentiation to the medical marijuana industry, and are proud to also lend financial and promotional support of the initiative that seeks to legalize and regulate and tax marijuana instead of criminalizing it.”
The initiative needs 150,642 valid signatures by early July in order to get the Regulation and Taxation of Marijuana Act initiative on the November ballot. As of June 2016, the campaign has reached over 215,000 signatures and will soon be submitting the signatures to the state.