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Ohio passes on marijuana legalization bill; Nick Lachey takes a big hit

What’s this about Nick Lachey? In case you hadn’t heard, Ohio’s vote on marijuana was split into two issues. One would legalize marijuana for medical and recreational use but restrict farming rights to a handful of high-dollar investors, such as Lachey, former member of boy band 98° and former husband of Jessica Simpson.

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The other issue would have banned just the kind of monopoly that such an arrangement would create, setting up a likely court battle. However, the effort to legalize weed seems to have died on the vine.

Insane profit model? According to the Washington Post, the 10 marijuana farms licensed by the state would have raked in $1.1 billion worth of pot sales every year over the next four years, according to one projection. Ohio asked each ownership group to put up $4 million to underwrite the (unsuccessful) ballot campaign.

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