Headlines 

Denver votes against initiative to decriminalize psilocybin

Late results showed nearly 55% of voters had rejected proposal on psychoactive substance in magic mushrooms Voters on Tuesday appeared to reject an attempt to make Denver the first US city to decriminalize psilocybin the psychoactive substance in magic mushrooms and add a new chapter to the citys role in shaping wider drug policy. The citizen initiative on the ballot followed the same tack taken by marijuana activists to decriminalize pot possession in 2005 in the city. That move was followed by statewide legalization in 2012. A number of other…

Read More
Headlines 

This Tiny Hedge Fund Just Made 8,600% On a Vix Bet

Not everyone got crushed when the market collapsed. For traders at a little-known Denver hedge fund who saw it coming, it was the score of a lifetime — a $17.5 million payday on a $200,000 bet. “People were laughing at us, saying this could never happen, this should never happen,” Justin Borus, the 41-year-old founder and manager at Denver-based Ibex Investors, said in an interview. “We saw people pricing this as a 1-in-5,000 event, but it was more like a one-in-five-year event.” Borus’s team bet that an exchange-traded fund linked to…

Read More
Headlines 

Holy smoke! The church of cannabis

As congregations dwindle, a new religion is lighting up Denver, Colorado. Aaron Millar joins the elevationists of the International Church of Cannabis who worship the weed It started, naturally, with a group of friends smoking a joint. Steve Berke, a graduate of Yale University, was temporarily living in an old church in Denver, Colorado. His estate agent parents had bought the 113-year-old building with the plan to turn it into flats. He and Lee Molloy, as well as a few friends, had just moved from Miami to capitalise on Colorados…

Read More