The Pot Farm Where Uncle Sam Goes to Get High

June 19 (Bloomberg) –- It may be legal to buy marijuana in 22 states, but growing pot is still against federal law. And yet, the US government grows some of the purest pot in the country, spending almost a million dollars a year on a contract with the University of Mississippi to grow cannabis and manufacture marijuana cigarettes. The UMiss farm is currently the only source in the US for legal marijuana for researchers, and the government currently gives it away to researchers who get all the right approvals. (Source: Bloomberg)
Equity Valuations Lofty, Earnings Lousy: Morganlander
13:13 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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