BOCA RATON, FL--(Marketwired - July 24, 2015) -Dawson James Securities, Inc. in conjunction with Vapor Corp. (NASDAQ: VPCO), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today the closing of a "best efforts" follow-on offering of up to 3,800,000 Units at $11.00 per Unit for a maximum gross proceeds of $41.8 million. Each unit consists of one-fourth of a share of Series A convertible preferred stock and 20 Series A warrants. Each share of Series A preferred stock will be convertible into 10 shares of common stock and each Series A warrant will be exercisable into one share of common stock at an initial exercise price of $1.24 per share. The Unit will remain "locked" for 6 months unless certain stipulations are met.

Totally Hemp Crazy, Inc. (OTC PINK: THCZ) will be seen on Fox Sports 1 this evening as Rocky Mountain High co-sponsors Race Car driver Quinton Bear #94 who will be participating in the ARCA race from Lucas Oil Raceway.

Fox Sports 1 will broadcast the Sioux Chief PowerPEX 200 live tonight from Lucas Oil Raceway as the ARCA Racing Series presented by Menards hits the track for race No. 13 of the season. Veteran announcers Ray Dunlap and Phil Parsons will call the action with Jim Tretow bringing race fans the news from the pits of the .686-mile oval track.

Multiple marijuana farms have planted crops, and the state is preparing to begin tracking each plant from “seed to sale.”

Five cultivation centers are authorized by the state to begin growing, said Department of Agriculture spokeswoman Kristi Jones.

Two downstate operations — Ataraxia, in Albion, and Revolution Cannabis-Delavan, in Delavan — have announced they have begun farming marijuana.

The state, however, won’t say which companies have been allowed to begin cultivating.

It also won’t say how much marijuana has been planted.

Ataraxia said it’s got hundreds of plants going and hopes to have product available by October.

Supporters of a proposed constitutional amendment that would legalize medical marijuana sent 100,000 petitions to county elections supervisors this week, one of the first steps in getting the proposal before voters next year.

It’s the second shot for United for Care, the committee behind the petition drive, to get the proposal on the ballot. A similar plan received 58 percent of the vote in November, just shy of the 60 percent required for passage.

PHOENIX -- Just days after three judges one division of the Court of Appeals said the smell of marijuana is not enough for a search, a second panel in another division have reached a contrary conclusion.

The judges on Thursday upheld the actions by police officers who searched a vehicle they had stopped after detecting the smell of burnt marijuana. That search yielded what police said was a "marble size'' quantity of the unburnt drug.

An attorney for Ian H. Cheatham argued that once voters approved the Arizona Medical Marijuana Act, the smell of burnt marijuana, absent more, is no longer evidence that a crime is being committed. And that, he argued, made the search illegal.

USTIS – After 41 years of cultivating lush, indoor tropical plants, the owners of Treadwell Nursery hope to make a dramatic turn to a new crop.

They now want to grow medical marijuana.

Glen and Sharon Treadwell and their three adult daughters appear to be what some lawmakers said they had in mind when they wrote the state's limited medical-marijuana law. The goal was to have old-Florida growers establish the industry.

"My sister Julie likes to say, 'If you'd have asked me if there would be aliens or if mom and dad would have considered growing cannabis, I would have bet on the aliens,'" said Jammie Treadwell of her religiously conservative parents.

The Centers for Disease Control and Prevention, in a report released Friday, says the case of a teen who leapt to his death from a Denver hotel balcony after eating marijuana-infused cookies illustrates “a potential danger” with edible pot.

Levy Thamba was a student at Northwest College in Powell, Wyo., who was also known as Levi Thamba Pongi. (via Facebook)

The growing, nationwide political climate is shifting in favor of marijuana legalization.

But finding the best pot stocks to invest in right now to capitalize on what promises to be explosive growth in the years to come is a conundrum.

And that's for one simple reason.

There's a difference between finding the best cannabis companies right now and finding the best pot stocks to invest in right now.

The most compelling companies currently in the space are not publicly traded.

Though entrepreneurs have successfully grown pot in New York for decades, companies seeking to legally produce marijuana as medicine are partnering with professional trainers to teach employees how to cultivate the plant properly, in keeping with new state regulations.

Firms selected to receive one of five New York medical marijuana licenses will need to launch their operations quickly to meet a state deadline to have products available by Jan. 1. Forty-three applicants are vying for the coveted licenses, which the state is expected to issue this month.

Members of the Senate Appropriations Committee voted 16-14 today in favor of an amendment to allow state-compliant marijuana businesses to engage in relationships with financial institutions.