Photo of marijuana plant

US Corporations Embracing 420 as Pot Legalization Grows

LOS ANGELES — Potheads have for decades celebrated their love of marijuana on April 20, but the once counter-culture celebration that was all about getting stoned now is so mainstream Corporate America is starting to embrace it. "I think brands that associa...
Photo of money from medical marijuana dispensary

Congress Urged to Fully Open Banks to Marijuana Industry

LOS ANGELES — Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis compan...
Photo of hemp farmers in Liberty, NC

With OK from Congress, US Hemp Market Set to Boom

PORTLAND, Ore. — Hemp is about to get the nod from the federal government that marijuana, its cannabis plant cousin, craves. "It's a huge deal because it's a domino effect. Banks can get involved now and if banks get involved, then credit card processors ge...
Photo of a pack of Marlboro cigarettes

Marlboro Maker Places $2.4 Billion Bet on Marijuana

NEW YORK — One of the world's biggest tobacco companies is diving into the cannabis market with a $2.4 billion buy-in. Altria will pay another $1.4 billion for warrants that if exercised, would give Altria a...