The federal government could legalize marijuana in the [next five years](https://cheddar.com/videos/bill-weld-dominoes-are-falling-to-legalize-weed), said the former Massachusetts governor Bill Weld. Though, he said states should be able to decide the issue for themselves.
"Once you can do research on it, the arguments against it are going to be increasingly slim," said Weld on Thursday in an interview with Cheddar.
There are 29 states that allow medicinal use of cannabis, and nine states that have legalized recreational use of marijuana.
"We'd like to see cannabis descheduled as a Class I narcotic in Washington so that states would be free to do what they want," said Weld. "Right now there's a rub between federal and state law enforcement."
Weld and the former House Speaker John Boehner joined the board of the cannabis producer Acreage Holdings last week.
Boehner had long been an opponent of legal marijuana, but Weld said his new colleague changed his mind because the public's perception of the drug had changed.
For full interview, [click here](https://cheddar.com/videos/bill-weld-joins-acreage-board).
A surge in holiday spending could help combat inflation worries.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
