Hidden in Plain Sight: California Illegal Pot Market Booming

LOS ANGELES — California's struggling legal cannabis industry is expected to grow this year to $3.1 billion, but it remains outmatched by a thriving illegal market ripe with bargains, a report concluded Thursday. Consumers are spending roughly $3 in the sta...
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...