MarijuanaDrugs

Pot-Based Prescription Drug Looks for FDA OK

A quarter-century after the U.S. Food and Drug Administration approved the first prescription drugs based on the main psychoactive ingredient in marijuana, additional medicines derived from or inspired by the cannabis plant itself could soon be making their way to pharmacy shelves, according to drug companies, small biotech firms and university scientists.

Will California Light Up a National Pot Industry?

Many will be watching to see if the state's voters say yes to Proposition 19, the controversial ballot measure that would legalize marijuana in California. Advocates say the measure would be a moneymaker. Opponents see nothing but trouble ahead if Prop 19 passes.

Higher Hurdles for Colorado's Medical Marijuana Entrepreneurs

Colorado is instituting tougher regulations for this booming industry. Dispensaries must now comply with rules regarding licensing, local zoning laws and criminal background checks for owners. They also have to grow at least 70% of the marijuana they sell. Stricter standards will push many out of business.

Why Marijuana Prices May Head Lower

Marijuana legalization proponents can see a day when the marijuana market looks like the alcohol industry. There would a range of quality among the products offered. And there would be taxes assessed -- perhaps even heavy taxes. The financial consequences of such developments would be huge.