Colorado became the first U.S. state to pass legislation regulating the retail sale of marijuana and proposing to tax the new industry as much as 25 percent, defying federal law that labels marijuana an illegal substance.
After five months of hearings to iron out hundreds of details, Colorado became the first U.S. state to pass legislation regulating the retail sale of marijuana and proposing to tax the new industry as much as 25 percent.
Colorado, where hydraulic fracturing has helped push oil production to the highest level in 55 years, is considering legislation to rein in the practice, drawing threats from drillers who say they will flee the state if the restrictions become law.
Electronic Arts Inc., the second- largest U.S. video-game publisher, agreed to buy PopCap Games for as much as $1.3 billion in cash and stock to extend a drive into online titles played on websites like Facebook.
Colorado and Washington are racing to meet deadlines for setting up a framework to regulate the sale of marijuana for recreational use, even as federal authorities weigh the future of the new industry.
Electronic Arts Inc. , the second- largest U.S. video-game publisher, reported a narrower second- quarter loss. The company forecast profit this quarter below analysts’ estimates after moving the release date of a title.
Apple Inc. has intensified talks with major music labels to start an advertising supported streaming-radio competitor to Pandora Media Inc. by early next year, according to people with knowledge of the negotiations.
Electronic Arts Inc. , the second- largest video-game publisher, posted an unexpected $96 million first-quarter profit on better-than-projected sales of titles including “2010 FIFA World Cup South Africa.”