03/21/2014 11:10 am ET Updated May 21, 2014

One Legalization Initiative Is Left in California

After a lot of fuss about California's attempts to legalize recreational marijuana, efforts to get on the 2014 ballot are winding down.

The Secretary of State recently announced that the California Cannabis Hemp Initiative did not qualify for the ballot because it did not turn in enough supporting signatures.

That leaves just one initiative officially remaining: The Marijuana Control, Legalization & Revenue Act.

The CCHI refiled its paperwork to be able to gather signatures, and if its papers are in order it could see new approval any day now. That would give the group extra time to start over and get those signatures down on paper.

But the deadline to turn them in is, for all intents and purposes, April 18, at least if organizers want to make the November ballot.

Never say never, but that seems like an impossible deadline, especially given that CCHI's organizers say they don't have hardly any money.

Experts say it takes a few million dollars to hire professionals to get the more than 500,000 signatures it takes to make a ballot in the Golden State.

Likewise, the Marijuana Control, Legalization & Revenue Act, the sole survivor, doesn't have much cash on-hand, and it's also facing that deadline.

Two other proposed initiatives, one by the Drug Policy Alliance and one by marijuana guru Ed Rosenthal, have dropped out.

It's widely believed that the DPA, which does have the money and the people to get an initiative on the ballot, is aiming for 2016.

Any legalization effort will have the benefit of bigger voter turnout attracted to the 2016 presidential race.

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