Finance

Image: The Fourth Corner Credit Union

Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.

 Derek Peterson heads up Terra Tech. Image via Telegraph.co.uk

A broken neck in a surfing accident triggered a dramatic career change for Derek Peterson, a former Wall Street banker who now heads listed cannabis company Terra Tech.

Vessel Verde, a division of Wausau's Roastar Inc., produces child-resistant plastic pouches for retailers of marijuana-infused products. Image: Rostar Inc. via Milwaukee Wisconsin Journal Sentinel

The rapidly growing marijuana industry — legal to some degree in much of the country — is providing a still-small but potentially fertile bed of opportunity for companies in Wisconsin and other states where the drug remains outlawed.

Leafs by Snoop packaging. Image: Pentagram

DENVER (AP) -- Snoop Dogg has his own line of marijuana. So does Willie Nelson. Melissa Etheridge has a marijuana-infused wine. As the fast-growing marijuana industry emerges from the black market and starts looking like a mainstream industry, there's a scramble to brand and trademark pot products.

Image: Wikimedia Commons

California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance reports this December 21.

Customers shop at the Grass Station dispensary in Denver. Because of federal banking regulations, Colorado's $700-million-a-year industry runs almost entirely on cash. Image: Brennan Linsley, Associated Press via Los Angeles Times

Calling itself the "littlest David" battling the "biggest Goliath," a fledgling Colorado credit union took the Federal Reserve to court Monday in a case that may determine whether the cannabis industry will bank openly or continue to operate almost entirely in cash.

Recent News Articles

Tuesday January 21

Medical marijuana is now free of charge in Sicily - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

The cost of prescriptions, available to patients suffering from chronic pain, cerebral palsy and multiple…

1421 hits

Tuesday January 21

Tests find some early Arizona hemp crops have too much THC - Cannabis News

in CBD & Hemp

by Bruce Kennedy - Editor in Chief

Arizona’s budding hemp-growing industry is suffering growing pains as levels of THC that are too…

1376 hits

Tuesday January 21

Brewing up buds: Beverages companies enter cannabis game - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

With 11 states and the District of Columbia now legalizing recreational marijuana, and 33 states…

1496 hits

Wednesday January 22

Largest U.S. Farm Group Supports Higher THC Limit for Industrial Hemp - Cannabis News

in CBD & Hemp

by Bruce Kennedy - Editor in Chief

U.S. farmers think the USDA hemp regulations are too stringent.

2252 hits

Wednesday January 22

New York Governor Includes Marijuana Legalization In New Budget Plan - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

New York Gov. Andrew Cuomo (D) included marijuana legalization in his budget proposal on Tuesday,…

2260 hits