Adam Spiker Talks Cannabis Regulations in California
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.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
