marijuana

Joint venture: Australia marijuana IPO creates market buzz

Australia's first initial public offering in a medicinal marijuana company is three times oversubscribed, giving high hopes to its founder's ambitions to become "the George Clooney of medicinal cannabis".

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U.S. senator supports pot legalization in Oregon

A Democratic U.S. Senator from Oregon supports legalizing the recreational use of marijuana and will vote “yes” to a state initiative next week that would let adults consume pot for fun, his office said on Monday.

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U.S. DEA 'most interested' in U.S. investors in Canadian marijuana firms

U.S. investors in Canada's medical marijuana industry are betting they won't fall under the scrutiny of U.S. law enforcement officers - but it's a risky bet.

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US encourages banks to do business with licensed pot suppliers with new guidelines

The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.

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