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
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.
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.
Companies such as General Electric Co and Intel Corp have reported solid results. Intel declared that personal computer sales have stabilized, while it forecast third-quarter revenue above Wall Street's expectations.
A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
SALT LAKE CITY— Salt Lake City travelers in the next decade will catch expansive views of the Wasatch range, move faster through security and have more shops to choose from once crews finish work on a $1.8 billion airport, officials said Friday.
Edibles and infused products such as snack bars, olive oils and tinctures popular with medical marijuana users have flourished into a gourmet market of chocolate truffles, whoopie pies and hard candies as Colorado and Washington legalized the recreational use of marijuana in the past year.
NEW YORK, July 17- Colorado regulators said on Thursday that the disposal of oil and gas wastewater at a well in Weld County likely caused a series of small earthquakes this year, in another sign that a U.S. drilling boom is contributing to higher seismic activity.
DENVER— A proposed fee on oil and gas wells on federal land would allow the Bureau of Land Management to hire more than 60 inspectors, the agency said Thursday. BLM Director Neil Kornze told a mineral law conference in Vail on Thursday that the agency needs to step up its inspections. Congress rejected previous fee proposals, BLM spokeswoman Bev Winston said.