Finance

Image: Bobby Yip, Reuters, via Philly.com

The investment arm of Bank of America, Merrill Lynch, sent out a 45 page equity report last week focused on prospects related to marijuana. Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry.

Image: Health Sciences and Nutrition, Commonwealth Scientific and Industrial Research Organization (CSIRO) via Wikimedia Commons

It’s possible that there has been no greater contributor to the cultural shift currently occurring around cannabis use in North America than the growing understanding of its medical applications.

A laboratory analysis of GW Pharmaceuticals' cannabis samples of Sativex. Image: PA via   Telegraph.co.uk

GW Pharmaceuticals, which makes drugs derived from the cannabis plant, is scaling up its manufacturing capacity ahead of an expected approval of a new treatment for children with life-threatening epilepsy.

Dozens line up in bitter cold weather outside The Grass Station in Denver, ahead of the store’s Black Friday sales. Image: WeedWorthy.com

Not to be outdone by much larger national retailers, Denver’s cannabis merchants are rolling out Black Friday deals of their own.

Philadelphia skyline. Image: Andrew Kelly via Wikimedia Commons

With the cannabis industry booming in states like Colorado, Washington and California, it may be surprising that a new startup has decided to take root in Philadelphia.

Turkish coffee. Image: Vouliagmeni via Wikimedia Commons

A new wave of legal-weed entrepreneurs wants to put the dope in your doppio. And the potential profits from a mashup of coffee and caffeine are, well, high.

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