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...