via.kdvr.com
High price paid for High Times magazine
NEW YORK -- Investors including Bob Marley's son have bought a majority stake in High Times. The deal values the marijuana magazine at $70 million -- a price that might seem high until you consider how quickly pot is expanding into mainstream society. Recreational marijuana is now legal in eight states and the District of Columbia, and the overall market for legal pot could grow to $21 billion by 2020.