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 handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
Long-haul carrier Emirates opened the Dubai Air Show with a $52 billion purchase of Boeing Co. aircraft.
Krispy Kreme is giving out a dozen free original glazed donuts to the first 500 customers who visit participating stores for World Kindness Day.
'The Marvels' made just $47 million at the box office for its opening weekend.
The largest South American airline altered its travel policy because Taylor Swift was supposed to perform in Argentina's capital on Friday but moved the date to Sunday because of inclement weather.
Google's parent company Alphabet says it has dissolved its stake in Robinhood.
Stocks fell slightly in Monday's opening session after credit rating for the U.S. was downgraded on Friday.
Workers at 24 Ford production facilities in Kentucky have voted against a tentative labor agreement.
Thousands took to the streets in San Francisco to protest the kickoff of the Asia Pacific Economic Cooperations Summit.
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