Finance

Steve DeAngelo at a protest in Oakland. Image: Glenn Halog Via Flickr

Cannabis entrepreneur and activist Steve DeAngelo long hated the idea of corporations entering the marijuana industry. But today, DeAngelo thinks partnerships with these giants are crucial for the success of the industry.

Downtown Denver and Mount Evans. Image: Bryan Simmons via Wikimedia Commons

A recent Colorado Tourism Office survey of summer travelers shows 48 percent were influenced by legal recreational pot.

A 1,000-watt bulb, Image: Matthew Staver, Bloomberg

Pot’s not green. The $3.5 billion U.S. cannabis market is emerging as one of the nation’s most power-hungry industries, with the 24-hour demands of thousands of indoor growing sites taxing aging electricity grids and unraveling hard-earned gains in energy conservation.

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: Budandbreakfast.com

Nearly two years after recreational pot sales became legal across the state, state tourism officials have continued to downplay Colorado's weed tourism, with some officials going as far as to deny the lure of cannabis culture — against all evidence.

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.

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