Derek Peterson may soon become the first CEO of a public company that cultivates, distributes and sells marijuana.

Terra Tech Corp., based in Irvine, California, won approval last week from the Securities and Exchange Commission to raise $6.8 million to build and operate medical marijuana operations in Nevada, where the company secured preliminary approvals.

The company will seek to raise about $7 million more later in the year, Peterson said.

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The CEO and founder of the Denver-based dispensary thinks gifting cannabis may become a new holiday tradition in many Colorado households, as the state marks the end of its first year of legal, recreational marijuana sales to adults - Denver, Colorado - December 22, 2014

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The congressional effort to block marijuana legalization in the District has been widely viewed as yet another frustrating defeat for self-governance by residents of the nation’s capital.

But city leaders are saying otherwise, promising to throw the issue back to Congress next month in a way that could prompt the most high-profile showdown in years over D.C. rights.

The giant federal budget bill that passed in the Senate on Saturday includes a provision, inserted by Republicans, that prohibits the city from spending tax dollars to enact the marijuana initiative.

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Cannabis campaigner Eric Mann has revealed his quest to have the drug legalised wrecked his marriage of 50 years.

But the 72-year-old former coal miner, who appeared in Swansea Crown Court this week after admitting growing and supplying the drug, remains convinced it should be regulated for medical use.

“I have lost my marriage because of it,” the former miner and oil rig worker said.

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PALM SPRINGS, Calif. -- The U.S. Justice Department is giving Native American tribes authority to legalize marijuana on their reservations, telling federal prosecutors the issue needs to be handled on a "government-to-government basis.

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Taxi driver and father-of-three Mark Clooney (40) pleaded guilty at Dublin Circuit Criminal Court to cultivating cannabis on Commons Road, Clondalkin on July 24, 2013.

Brothers Wayne (32) and Jason (33) Burgess, both unemployed plumbers with an address at Harelawn Crescent, Clondalkin, pleaded guilty to the same offence.

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MERE hours before the midnight deadline last night, the House narrowly passed a $1.1 trillion federal budget agreement to fund the government through most of next year. The plan now heads to the Senate, where it is expected to pass in a matter of days. But this budget has a few questionable odds and ends lurking in its 1,600 pages (which we will cover in more depth in the coming week). One provision in particular has many in Washington, DC, wondering whether the city’s plan to legalise small amounts of marijuana—which seven out of ten voters backed in November—is about to go up in smoke.

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Today Japan has some of the strictest anti-cannabis laws in the world.

Punishment for possession is a maximum 5 years behind bars and illicit growers face 7-year sentences. Annually around 2000 people fall foul of these laws – their names splashed on the nightly news and their careers ruined forever. The same prohibition that dishes out these punishments also bans research into medical marijuana, forcing Japanese scientists overseas to conduct their studies.

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