Marijuana Related Domain Names Selling Like Hotcakes

As voting time approaches for Californians, one of the most interesting topics is that of Prop 19, concerning the legalization of marijuana. With many citizens strongly believing it will pass, many people are taking measures to get prepared. Domain names concerning marijuana are now being bought like crazy because, assuming prop 19 passes, they will then be able to be sold for huge profits. The N.Y. Times reports on this issue:

Still, Mr. Berkens thinks marijuana domains could be a good investment; he sees the political momentum moving toward legalization and decriminalization. “We own gaymarriage.com,” said Mr. Berkens, who is also president of Worldwide Media, a company that owns some 75,000 domains, 57 of them marijuana related. “That’s another one of these politically charged hot topics, heavily dependent on politics.”

 This is an incredibly good idea, but only if prop 19 passes. Many of the buyers of these domain names expect to be able to sell them for up to 5,000 dollars. If marijuana is legalized in California, it will bring in tons of money in taxes, create jobs, and possibly lower drug related crime. No matter what happens, it will be very interesting to see how this whole issue plays out.