SAN FRANCISCO — Hall-of-Fame quarterback Joe Montana, looking to hit pay dirt in the legal marijuana industry, is part of a $75 million investment in a pot operator, it was announced Thursday. San Jose, California-based Caliva said it will use the investment to grow a company that includes a farm,...
Netflix Raising Prices for 58M US Subscribers as Costs Rise
SAN FRANCISCO — Netflix is raising its U.S. prices by 13 percent to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on...
Legal Marijuana Industry Toasts Banner Year
PORTLAND, Ore. — The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream. Liberal California became the largest legal U.S. marketplace, conservative Utah and Oklahoma embraced medical marijuana, and the...
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. Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. Altria will pay another $1.4 billion...
It's High Times for Soaring Marijuana Stocks on Wall Street
NEW YORK — Reefer Madness has gripped Wall Street. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill. Billions of dollars have poured into...