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David Nedrow and Jennifer Stancel hope to collect enough small pledges with Kickstarter to add a new marquee to their Grandview Theatre.
He also sold shares in his investment in Alliance, Ohio, to 23 investors, SEC records show.
Attorney Brice Keller and investor Alan Mooney told future marijuana entrepreneurs in Columbus that Issue 3, ResponsibleOhio's marijuana legalization amendment, would spur thousands of new businesses in Ohio.
COLUMBUS, Ohio -- One of the major investors backing a ballot issue to legalize marijuana assured future entrepreneurs there would be thousands of business opportunities available to them despite the plan's controversial limits on commercial growing.
T-shirts with marijuana slogans, cannabis-infused beverages, packaging for marijuana products are among the endless possibilities Ohioans can come up with, according to Alan Mooney, a Columbus-area investor in ResponsibleOhio's legalization campaign.
Issue 3 would legalize marijuana sales and use to adults over age 21, making Ohio the fifth state to allow recreational use and the first to legalize without first having a medical marijuana program.


Mooney said without deep pockets, a marijuana initiative would never make it on the Ohio ballot. Ohioans Against Marijuana Monopolies, the coalition of law enforcement, medical associations and others opposing Issue 3, has said the amendment is nothing more than a money-making scheme for the investors.
Ohionans will also vote this fall on a legislature-sponsored measure -- Issue 2 -- that would prohibit monopolies from being written into the Ohio Constitution.
About 80 people attended Saturday's conference, which aimed to help future entrepreneurs better understand pending legislation such as Issue 3 and how people in other states have built businesses in an industry that goes against federal law.
Mooney was joined by representatives from Ohioans to End Prohibition, which is circulating a recreational and medical marijuana petition for the 2016 ballot, and Ohio Rights Group, which would legalize only medical marijuana. Sri Kavuru, president of Ohioans to End Prohibition, said it's important to build a proper regulatory framework the first time and ResponsibleOhio's plan is fatally flawed.


All commercial marijuana could only be grown on 10 pre-selected sites owned by investors bankrolling the initiative, but Ohioans could grow small amounts for personal use. Issue 3 would allow up to 1,150 retail stores in Ohio -- more than the number of Starbucks and McDonalds stores in Ohio. Mooney and his fellow investors have shielded how much they've actually raised and contributed to the campaign through a network of limited liability companies created in the past year.



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