Cheddar's CannaBiz explores the latest trends, politics, and market opportunity in this space. Cheddar Anchor's Brad Smith, Hope King and Alyssa Julya Smith speak with legislators and start-up founders in this emerging market.
Berkeley is the first city in the nation to become a sanctuary city for cannabis. Through a city council vote in February the group unanimously voted to prohibit any city agencies to use its resources to assist in enforcing federal marijuana laws. Berkeley Mayor Jesse Arreguín explains how this legislation is impacting his city.
"The state of California is actually looking at potentially becoming a sanctuary state for cannabis," says Arreguín. "I think its important that cities and states take a strong stand for states rights."
Recreational marijuana was legalized for adult use in California this past fall. Berkeley's conservative prediction for marijuana sales tax revenue to come in at about $3 Million.
Medmen is on the forefront of cannabis cultivation and uses all the latest technology to ensure the marijuana plans are up to the highest standard. Alyssa Julya Smith visits an LA grow facility where MedMen's VP of Corporate Communications Daniel Yi explains how the process works.
Marijuana businesses have undergone quite a makeover as more states adopt laws to allow medicinal and recreational use. Support to legalize marijuana is at record highs with 64 percent of Americans in support of legalization according to a Gallup poll. Cannabrand's Founder and CEO Olivia Mannix explains how the perception of this market has evolved.
"It's really amazing to see how far the industry has come, how many businesses there are, and how much revenue the industry has generated. It's incredible," says Mannix.
Cannabrand launched back in January 2014 when adult recreational use for marijuana became legal in Denver, Colorado.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
