How do you consume your cannabis? In a vape, an edible, or rolled up in a simple joint? The answer likely depends on how old you are. Younger generations may prefer to smoke their weed, but edibles are turning out to be the main market draw for older adults.
“We’ve began to see a migration away from a smokable product as people get older,” Brett Roper, CEO at Medicine Man Technologies, told Cheddar. “They typically look for perhaps a safer, less carcinogenic-associated smokable products, or a vape, or a candy,” he said.
As different adults pick their preferred consumption methods, states are getting in on the action and raking in cash. BDS Analytics and ArcView Market Research say that regulated marijuana in North America, which includes Canada, totaled $6.7 billion dollars in 2016. That’s a 30 percent increase from the previous year. The firms expect sales to grow at a compound annual growth rate of 25 percent.
California is the latest to join adult-sales market, and analyst estimates peg its tax revenues at a billion dollars in the next year. For context, that’s twice as much as Colorado--the first state that went into the sector--has achieved in the four years recreational marijuana has been legal.
Roper says that as more states move to legalize pot, the federal government will be forced to bite the bullet.
“We believe we’ve reached a tipping-point where the Fed’s going to have to do something towards legalization initiatives,” he told Cheddar. “States are pretty much establishing what those laws look like individually.”
For full interview [click here](https://cheddar.com/videos/inside-the-marijuana-market-opportunity-in-california).
The iconic 7-Eleven Slurpee cup just got a makeover. The company rolled out the new cups on Monday as part of its "Anything Flows" campaign, and they feature a colorful design on the front with a big "S" resembling the swirly top of the icy drink.
From the end of the Hollywood Foreign Press Association to the beginning of a new zombie apocalypse, here's what's going on in entertainment.
One person was killed and multiple people were sent to local hospitals after a boat capsized Monday during a tour of an underground cavern system built to carry water from the Erie Canal beneath the western New York city of Lockport, officials said.
There was plenty of uncertainty in the run-up to this year’s Tony Awards, which at one point seemed unlikely to happen at all because of the ongoing Hollywood writer’s strike.
Classical music concerts have been popular since the age of Beethoven, Bach, and Mozart, but you've probably never thought about attending one in a cemetery. Our own Chloe Aiello spoke with Andrew Ousley, founder of Death of Classical, to learn more about a concert series held in the catacombs of the Green-Wood Cemetery in Brooklyn.
You may not know her name, but you've probably seen her face. Madhulika Sharma has graced Vogue India and ELLE Magazine and modeled for popular brands such as Reformation and Skims. Cheddar's own Hena Doba spoke with Sharma to discuss her globe-spanning modeling career, her education in fashion history, and working alongside Kim Kardashian.
The intimate, funny-sad musical “Kimberly Akimbo” nudged aside more splashier rivals on Sunday to win the best new musical crown at the Tony Awards on a night when Broadway flexed its muscle in the face of Hollywood writers’ strike and fully embraced trans-rights with history-making winners.
The ChatGPT chatbot, personified by different avatars on a huge screen above the altar, led the more than 300 people through 40 minutes of prayer, music, sermons and blessings.
New York's Assembly and Senate passed a bill to create a commission that would consider reparations for slavery.
New Orleans' Big Freedia, who many heard on Beyonce's new hit "Break My Soul," talks about upcoming business ventures and music projects, including a new show called Big Freedia Means Business on Fuse TV.
