Every month, Elliott Klug or one of his business partners walks into the Colorado Revenue Department with a messenger bag holding thousands of dollars in cash and watches as state employees start counting.
Medical marijuana clinics are lawful businesses and the Treasury Department should set rules that encourage banks to provide financial services, according to 15 members of Congress led by U.S. Representative Barney Frank .
U.S. lawmakers want to scale back statutes that could have led to a prison term of as long as 35 years for Aaron Swartz, the Internet activist who committed suicide last week, 18 months after he was charged with stealing articles from an academic database.
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.
On a scorching April morning in Monterrey, Mexico, Enrique Garcia, Vitro SAB’s local plant manager, crosses under a mural that commemorates the 100th anniversary of the company’s first glass factory. He points to brick structures from the original plant.
Corporations with as much as $1 trillion in profits parked overseas should be allowed to bring that money to the U.S. without spending the repatriated funds on job creation, several House Democrats said.
The Colorado Republicans who voted unanimously this week against superstorm Sandy recovery funding did so in part because their state didn’t get an opportunity to win some of its own disaster relief money.
Vitro SAB’s defaulted bonds are rallying to a two-month high, a sign to JPMorgan Chase & Co. and BCP Securities LLC to sell the securities because the price overvalues the Mexican glassmaker’s latest debt-restructuring offer by almost 50 percent.