CNBC's Jane Wells looks at the strong demand for legal weed in Colorado. Wells says the state of Colorado has 485,000 monthly users, but tax collection is way below estimates.» Read More
LONGMONT, Colo.— A state district judge struck down Longmont's voter-approved ban on hydraulic fracturing Thursday but stayed her decision while the city considers an appeal. Judge D.D. Mallard ruled the ban conflicts with state regulations and Colorado's interest in efficiently developing oil and gas deposits.
PORTLAND, Ore., July 24- An Oregon citizens' initiative that would require labeling of foods made with genetically modified ingredients has garnered more than enough signatures to gain a spot on the state's November ballot, a state government spokesman said on Thursday. "It cleared easily," said Tony Green, a spokesman for the Oregon Secretary of State's Office.
WASHINGTON, July 24- The Obama administration on Thursday launched a $10 billion rural infrastructure fund that it hopes will jump-start investments in a wide range of projects in farm states.
WEST POINT, New York— President John F. Kennedy is getting his old look back on new collectors' coins.
WASHINGTON— A bank that serves farmers and agribusiness is donating $10 billion to spur private investment in rural America. The White House was announcing the money Thursday as part of a rural conference it is holding this week.
Treasury Secretary Jacob Lew will deliver remarks at the Inaugural Rural Opportunity Investment Conference hosted by the White House Rural Council.
The hearing takes place a week before the EPA holds a series of public meetings on its carbon plan in Denver, Pittsburgh, Washington and Atlanta. The group also telegraphed potential legal action, arguing the EPA had overstepped the bounds of the Clean Air Act to draft its complex rule.
CENTENNIAL, Colo.— Defense attorneys in the Colorado theater shooting case attacked the reliability of firearms analysis Wednesday, saying it is subjective and lacks statistics to measure its accuracy. James Holmes pleaded not guilty by reason of insanity to charges of killing 12 people and injuring 70 in the July 20, 2012, attack at a Denver- area movie theater.
Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.
Crocs Inc. also detailed a restructuring plan that includes cutting 183 jobs, closing or converting about 75 to 100 stores globally and streamlining its product portfolio. The Niwot, Colorado, company anticipates the job cuts will result in $4 million in cost savings this year and $10 million in savings in 2015..
SEATTLE— The first recreational marijuana sold legally in Seattle will be put on display at the city's Museum of History and Industry after a woman donated part of her purchase Tuesday. Deb Greene, a 65- year-old retiree, waited all night to be first in line at the Cannabis City store when legal pot sales began in Washington on July 8.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
WILLISTON, N.D.— More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, authorities still were unable to say what caused the massive blaze.
July 21- Burrito chain Chipotle Mexican Grill Inc last quarter achieved what many of its rivals could only dream of: It raised prices, yet attracted more diners during a period of sluggish economic growth. Rival Panera Bread Co was on a similar trajectory until last year, when "operational friction" caused it to stumble on speed.
NEW YORK, July 21- An upstart U.S. food technology company has developed a unique fermentation process using mushrooms to reduce bitterness in cocoa beans that it believes will cut sugar content in chocolate candy.
DENVER— People keep flocking to Chipotle despite the chain's recent price hikes. The Denver- based company said Monday that sales at established locations rose 17.3 percent in its second quarter. It earned $110.3 million, or $3.50 per share, topping the $2.05 per share average estimate of analysts surveyed by Zacks Investment Research.
The move also marks a continuing departure from the status quo of mass market lagers or stouts, demonstrating a willingness of American breweries to explore— and innovate— old world beer styles from Belgium, Germany and the United Kingdom.
Alex and Ani says a California- based company, Elite Level Consulting, pretended it was going to give out its trendy bracelets in VIP goodie bags at a film festival and at a dressage competition, or as the judge describes it in his order, "horse ballet.
The anti-tax Club for Growth Action last month had its second best fundraising haul this election cycle as it raised money to pour into Chris McDaniel's bid to deny incumbent Republican Thad Cochran a seventh term in the Senate.
SIOUX FALLS, S.D.— Tests this summer on Pierre Shale that stretches across much of the Great Plains could help build the case for an underground lab and, if feasible, lead to energy production or underground storage in the rock formation.