Adam Spiker is executive director of the Southern California Coalition, which is an organization dedicated to helping organizations, advocacy groups, and businesses coalition build and understand the cannabis industry.
Spiker sits down with Alyssa Julya Smith in Los Angeles to talk about how to implement responsible policies in Los Angeles, the state of California, and at the federal level. He explains that the city of Los Angeles is the biggest cannabis market in the world, but has been slow to roll out licenses across the city.
Spiker also discusses the need for more resources to go through all the applications, both for distributors and cultivators who are trying to legally expand their business. Spiker also emphasizes that he believes the state will do everything in their power to protect business from the threat of federal regulations and roadblocks.
A Dutch recruitment firm found that only 42% of employees who have been laid off this year actually received severance, down from 64% who received severance in 2021.
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
