press-news

Califoia legalizing recreational marijuana could grow the industry there to $6.5u2009billion in 2020 — and also serve as a “watershed moment” for the industry in and outside the United States, according to a report released Tuesday. Market research firms ArcView and Newu2009Frontier delved into Califoia’s massive and uniquely complicated caabis industry to project its direction and what may be in store if voters pass Propositionu200964 in November. If the Adult Use of Marijuanau2009Act succeeds and is implemented by 2018, Califoia’s legal marijuana sales likely will climb by $1.6u2009billion within the first year, according to the ArcView and Newu2009Frontier market report. That would put t...

LAS VEGAS — Nate Diaz and Conor McGregor really don’t like each other. Or apparently press conferences for that matter. Just five months after their press conference for UFC 196 broke into a wild melee, the pair and their camps hurled insults, profanities and drinks at each other Wednesday at the UFC 202 press conference at the David Copperfield Theatre at the MGM Grand. Diaz and McGregor are the main event Saturday in a welterweight rematch of their scintillating March showdown, shockingly won by Diaz via a second-round rear-naked choke. McGregor arrived nearly 25 minutes late to the presser Tuesday, which also featured UFC President Dana White and light heavyweights Anthony Johnson and Gl...

Los Angeles Mayor Eric Garcetti said Saturday that the results of November’s U.S. presidential election could weigh heavily on his city’s chances of hosting the 2024 Olympics, saying that a victory by Donald Trump could tu off IOC voters. In an exclusive interview with The Associated Press, Garcetti also said Los Angeles could offer “the last best hope” for the United States to host the Summer Olympics again before the American people begin “tuning out” from the games. Garcetti, a 45-year-old Democrat and supporter of Hillary Clinton, is in Brazil to observe the Rio de Janeiro Games and pitch his city’s bid to members of the Inteational Olympic Committee. One of the main topics of conversati...

TOKYO — While Rio Olympic organizers are under immense pressure to finish preparations before Aug. 5, their Tokyo counterparts are already facing skyrocketing costs for an event four years away. Tokyo 2020 organizing committee president Yoshiro Mori acknowledged at an executive board meeting this week the cost of building seven temporary venues for the Olympics has surged to an estimated $2.6 billion, up from an initial estimate of $690 million. Mori said the original figures were the result of sloppy calculations which he blamed on the Tokyo metropolitan govement and the Japanese Olympic Committee. The organizing committee hasn’t disclosed an official estimate of the overall costs but has ...

PG&E says it will close Diablo Canyon, Califoia’s last nuclear power plant, by 2025 By The Associated Press SAN FRANCISCO >> A utility company and environmental groups have reached an agreement that will close Califoia’s last nuclear power plant, ending the state’s nuclear power era. The state’s largest utility, Pacific Gas & Electric Co., and the groups said Tuesday that the Diablo Canyon plant will close by 2025. The accord would resolve disputes about the plant that helped fuel the anti-nuclear movement nationally. The 30-year-old plant supplies 9 percent of Califoia’s aual power. The agreement will replace it with solar power and other forms of renewable energ...