The cannabis industry is rapidly maturing, attracting more mainstream attention and investment on the back of tremendous political strides in 2020.
But more mainstream capital oftentimes spells less diversity. And in an industry built in the aftermath of punitive cannabis laws that have disproportionately impacted people of color, activists, lawmakers, and even celebrities like Jay-Z are working to build a more equitable cannabis industry from the ground up. Cheddar's cannabis reporter Chloe Aiello has more.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
