*By Amanda Weston*
New Year's Eve is set to generate major cannabis sales, second only to the iconic marijuana holiday 420, according to the cannabis consulting company [MJ Freeway](https://mjfreeway.com/).
The global cannabis technology and data company predicts total U.S. sales on New Year's Eve 2018 could reach up to $75 million, within striking distance of the $80 million generated in sales on April 20.
This New Year's Eve would also rank as the highest-grossing Monday of 2018 for dispensaries.
But 420 may not always reign supreme. Jessica Billingsley, the CEO of MJ Freeway, told Cheddar Thursday that New Year's Eve may soon dethrone it.
"I think it's coming, absolutely," Billingsley said. "New Year's Eve is still second behind 420 now, but interestingly, Jul. 4 is actually third. So I think we're going to see the big major holidays start to contend with 420."
The U.S. cannabis market ballooned in 2018 [saw strides](https://www.apnews.com/2982b3b60d84409da76dc10e3bf7886a) as state legalization of both medical and recreational cannabis continued to sweep across the county. Nationwide, 10 states and Washington, D.C., have now voted to legalize marijuana for recreational use, and 33 states have approved medical marijuana. In December, President Trump signed a version of the U.S. Farm Bill that legalizes recreational hemp ー a major step toward the legitimization of CBD.
"We're seeing the cannabis industry is predicted to grow from $13 billion this year to $20 billion next year," Billingsley said.
"So I think we'll see a commensurate increase in legal sales on New Year's Eve, as well. Of course some of that will depend on how many new markets, new states open for adult use in the coming year as well."
For full interview [click here](https://cheddar.com/videos/new-years-eve-set-to-see-major-cannabis-sales-kicking-off-2019).
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
