Must Read Money Stories For Tuesday, April 21

by April 21, 2015

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Pulitzer time. Journalism’s most prestigious prize was handed out to a number of newsrooms across the country on Monday, and you can find a full list of the winners here. There are two newly-minted Pulitzer Prize stories that are worth revisiting for business story ideas: The New York Times’ investigation into how lawyers and lobbyists pressure lawmakers to change policies to favor their clients, and the Wall Street Journal’s expose on Medicare billing.

The business of cannabis. Bloomberg took a dive into the legal marijuana world on Monday, pulling together all the data they could find on 55 companies whose business is focused mainly on cannabis. Here’s the market cap for each sector of the marijuana industry from high to low: Pharma/Research ($1.5 billion), Producer ($645 million), Consumer ($302m), Real Estate ($216m), Consulting ($170m), Tech ($162m), Industrials ($54m).

Gamers getting paid. The NCAA bans college athletes from getting paid or receiving gifts, but students are getting serious money for competing in a different kind of competition: a video game tournament. College gamers competing in Blizzard Entertainment’s “Heroes of the Dorm” tournament, featuring a 64-team bracket from schools across the U.S., can win $450,000 worth of prizes, and the winning team gets their entire college tuition paid for. Vice Sports has the story.

CO2 on the rise. Carbon emissions have been falling since 2005, but new data from the U.S. Energy Information Administration shows that CO2 levels actually rose in 2013 and 2014. Vox’s Brad Plumer explains what this trend means for Obama’s climate policy.

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