Cheddar's CannaBiz explores the latest trends, and news in this expanding market of recreational, and medicinal marijuana. Cheddar's Hope King and Baker Machado speak with start-up founders about how they are capitalizing on cannabis.
Legal technology platform CannaRegs is on a mission to make sense of the legal landscape of marijuana for stakeholders in this growing space. The company's founder and CEO Amanda Ostrowitz explains the regulatory landscape for marijuana, and why she was inspired to launch this start-up.
"I realized the only solution to my problem was to build it," says Ostrowitz. "It's actually kind of influencing the way law is being made because we've been able to track it to such a level where the first time a city government even talks about cannabis--we've tracked it."
Colorado Marijuana sales hit $1.5 Billion in 2017, generating nearly $250 million in taxes and fees for the state. The Cannabist's Marijuana Policy and Business Reporter Alicia Wallace explains why the state sales could face a plateau, and lessons other states could learn from Colorado.
"In Colorado the slowing growth is more of an indicator of a mature market," says Wallace. "We're the guinea pig on this, and we've been able to learn a lot of lessons really quick as this industry came out of nowhere here."
Sensi Products recently underwent a complete redesign to make the transition to solely medical marijuana edibles to consumer products for recreational use. The company's co-founder Lisa Tollner explains how her company made this switch, and her outlook for this expanding market in California.
"For the most part it was a pretty straight forward maneuver for us," explains Tollner. "We saw this coming. I would say as early as five or six years ago we felt it was just a matter of time."
Cheddar's CannaBiz airs every Tuesday from 3:30 to 4:00 p.m.
Greg Martin, Founder and Managing Director at Rainmaker Securities, discusses the benefits of Big Tech bidding for Peloton and highlights the ongoing headwinds impacting the exercise equipment maker.
SES Holdings, a leader in production of high-performance hybrid lithium-metal rechargeable batteries for electric vehicles, has arrived on Wall Street. The company went public via SPAC deal and now trades on the New York Stock Exchange under the ticker 'SES.' Qichao Hu, founder & CEO, joined Cheddar Movers to discuss the debut as well as what lies ahead for the company.
Amazon warehouse workers in Alabama are set to begin voting to unionize for a second time after workers at the facility in the town of Bessemer overwhelmingly voted against forming a union during an election early last year; but in November, the National Labor Relations Board overturned the vote, upholding a union challenge of the results which argued that Amazon undermined the conditions for a fair election. Another round of ballots will now be mailed out to works at the warehouse for a so-called re-run election. Director of Labor and Employment Studies at San Francisco State University John Logan and National Field Director for Our Revolution Mike Oles joined Cheddar News' Closing Bell to discuss.
Stocks closed near session highs Tuesday as investors eyed more strong corporate earnings reports, and prepped for Thursday CPI data which will give an idea of how hot inflation may still be running. Hugh Johnson, Chairman and Chief Economist of Hugh Johnson Economics, joined Closing Bell to discuss today's close, earnings season so far, predictions about the Federal Reserve's plan to raise interest rates, and more.
Johannes Evenblij, President of PepsiCo Beverages North America for the West Division, joins Cheddar News to discuss giving back at the Super Bowl this year
Youth sports coaching service MOJO has partnered with Major League Baseball, named the "trusted grassroots coaching app" of the MLB. The app provides content for parents and coaches to help young players grow their skills. Ben Sherwood, founder & CEO of MOJO joined Cheddar News to talk about how his app works to improve coaching to keep players interested. "The number one reason that kids drop out of sports and all of the surveys is that sports aren't fun, and one of the big reasons that sports aren't fun is that the coach doesn't know what she or he is doing," he said. "We think there's a great coach in everyone, and we just have to have the right resources and tools and inspiration."
Big tech companies such as Amazon and Google are garnering criticism for failing at their proposed climate pledges, most of which rely on carbon offsets — a potential loophole where companies pay others to address their omissions. Gilles Dufrasne, policy officer at Carbon Market Watch, joined Cheddar News to explain the organization's negative evaluation. "The objective here is not to bash companies and say everybody is doing the wrong thing," he said. "The objective is to also provide lessons, and there are some companies that are doing the right thing."
