European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Former House Speaker John Boehner told CNBC on Friday that U.S. lawmakers are behind the times on cannabis legalization.
"It's clear this market is going to expand. And as it does, lawmakers in Washington have to look up and realize that the federal government is way out of step," Boehner said from the South by Southwest conference in Austin, Texas. "It's time for the federal government to get out of the way."
Since leaving national politics in 2015, the former Republican leader has joined the board of Acreage Holdings, a publicly traded, multistate cannabis company based in New York. Acreage, though small when compared with major Canadian growers, reported last week fourth-quarter revenue of $10.5 million and full-year sales of $21.1 million, up 173 percent over the last 12 months.
Boehner was joined Friday by Acreage founder and CEO Kevin Murphy, who added that he's optimistic both Republicans and Democrats will pass the STATES Act in 2019. The act, proposed by Sens. Cory Gardner and Elizabeth Warren, would grant individual states the power to decide whether their residents can legally possess, manufacture and sell cannabis without federal intervention.
"We're hopeful that we can appeal to both the left and the right," Murphy said. "Ninety-five percent of this country would like to be using cannabis or believe it should be used for medical use. And with those types of numbers, we think we appeal to both the right and the left. From our vantage point, it's just a matter of time."
Marijuana remains illegal on a federal level in the United States, but 10 states and the District of Columbia have allowed its use for recreational purposes. Michigan in November became one of the latest states to OK recreational marijuana. New Jersey officials on Tuesday outlined plans to legalize adult use of recreational marijuana in the state.
Sixty-six percent of survey respondents now support legalizing marijuana, according to the latest Gallup poll. That's a record high and was the third consecutive year that support for legalization has increased to record levels.
Last year, President Donald Trump signed an $867 billion farm bill, which included a provision for industrial hemp legalization that Senate Majority Leader Mitch McConnell, R-Ky., had introduced. Hemp and marijuana are both classified in the cannabis family, though hemp lacks psychoactive chemical compound THC.
But of interest to public cannabis companies is the bill's implications for the U.S. market for cannabidiol, a "non-psychoactive" chemical found in hemp and marijuana. CBD proponents say the compound doesn't produce a high like marijuana but produces benefits such as anxiety relief and inflammation reduction.