Ohio Marijuana Legalization Confirmed? 98 Degrees' Nick Lachey To Invest In Marijuana Farm?
Former boy band member Nick Lachey could make millions in the State of Ohio growing marijuana following the news that the state will legalize pot, according to The Washington Post.
Residents of the Buckeye state vote Tuesday on whether marijuana should be legal. If majority vote yes, the singer automatically becomes one of the top weed cultivator, and distributor in Ohio.
Lachey, 41, is part owner of one of the 10 ownership groups that could legally sell marijuana if the bill is passed. The other co-owners are a pair of President William Howard Taft's great-great-grandchildren, designer Nanette Lepore, NFL journeyman Frostee Rucker, NBA legend Oscar Robertson, and some twenty others.
Each of the owners contributed four million dollars to the legalization campaign; if majority vote towards legalization, they would need to put up another $10 million to set up pot farms, and buy land.
It is a pricey investment but studies say that the 10 farms would be selling $1.1 billion worth of marijuana every year.
Nick Lachey has already made millions from his boy band days, may be making more millions by growing pot.
ResponsibleOhio is pursuing to legalize marijuana for medical and personal use by adults; 21 years or older, revealed the Acron Beacon Journal.
In July, the group held a tenth and final news conference across Ohio to publicize their partnership with local unions and the potential benefit the ballot may bring to local communities.
The group projected that the initiative would bring $21.5 million in annual tax revenue for Summit County, and its townships and municipalities.
"We would prefer to fill potholes with pot money," said Ian James, the executive director of ResponsibleOhio. The group added that the money may be used for economic and infrastructure development, and for law enforcement.
The ballot proposes to create approximately 1.100 retail stores across the state. Also,should legalization push through, 300 jobs would be created; these would be office positions, full time farmers, and contractual construction workers.
Nick Lachey's farm would be a 29 acre plot just outside of Akron, Ohio.
