A plan backed by Silicon Valley billionaire Sean Parker to legalize recreational use of marijuana in California is on the path to the November ballot, potentially bringing more than $1bn a year in tax revenue, according to legislative analysts.

Two Rivers Water & Farming Co. said it's raised $5.5 million to support its subsidiary that builds greenhouses for marijuana growers.

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

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.

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.

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.

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.

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.

EUGENE, Ore. - 2015 marks the first holiday season for recreational marijuana in Oregon. For many local pot shops, sales around Christmas day were holly jolly.