South Cord Management, the parent company of Catalyst Cannabis Co., has spent $309,188 on the campaign to recall District 4 Redondo Beach Councilman Zein Obagi, Jr.
The expenditures, up to June 30, are disclosed in an August 1 campaign finance filing the State requires of political action committees (PACs). Catalyst has also funded an initiative seeking voter approval for cannabis retail sales in Redondo Beach.
Both the Obagi recall, and the cannabis initiative go before voters in a Wednesday, Oct. 19 special (mail-in) election.
South Cord CEO Elliot Lewis said in an interview this week that he expects to spend substantially more on the Obagi recall effort over the next seven weeks before the election.
“You want to win, it’s going to be expensive,” he said. “Javelin missiles, tanks, maybe even a nuclear weapon; all aspects of the campaign will be turned on and in full effect in a couple weeks.”
The next campaign finance filing is due Sept. 9.
To Read The Rest Of This Article By Garth Meyer on Easy Reader News
Published: September 05, 2022
Founder & Interim Editor of L.A. Cannabis News
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