Ex-Gov. Weld Says Research Key to Pot Legalization
*By Jacqueline Corba*
Former Massachusetts Governor Bill Weld called on President Trump to change the federal classification of marijuana so researchers can explore the drug's ability to treat diseases, including cancer.
"I think anybody who is a reasonable politician has to listen to the argument that its been proved around the world that this will cure the ailments that your constituents are suffering from," Weld said in an interview with Cheddar at the Cannabis World Congress in New York. "Do you want to look your constituents in the eye, and say, 'No ー I'm going to stand in the way of you getting the physical relief from pain and suffering that you know you can get around the corner? That's a position that makes no political sense."
According to the Drug Enforcement Administration, marijuana is a Schedule I drug, which is the same category as heroin, LSD, and ecstasy. This means it is considered to have a high potential for abuse and is not accepted for medical use.
Weld, who is a member of the board of the cannabis company Acreage Holdings, said Washington has yet to catch up with the country when it comes to cannabis: 64 percent of Americans say it should be made legal, according to a [Gallup Poll](http://news.gallup.com/poll/221018/record-high-support-legalizing-marijuana.aspx).
"There's a lot of old people who have pains and aches that cannabis is very useful in just making go away. They are a voting bloc," said Weld, who also said millennial voters are another large bloc in favor of legalization. "So that's a pretty good pair of bookend voting blocs for any politician that is listening."
Weld said ultimately research will make it impossible for members of Congress to vote against cannabis, once they understand more about the drugs abilities.
For the full interview, [click here](https://cheddar.com/videos/why-bill-weld-is-pushing-to-declassify-marijuana-as-schedule-i-drug).
Ford CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. The days of Ford being all things to all people are over, Farley said at the company's capital markets day event Monday.
The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring users personal information across the Atlantic by October, the latest salvo in a decadelong case sparked by U.S. cybersnooping fears.
Joanne Rodriguez, founder and CEO of Mycocycle Inc., joined Cheddar News to discuss how her company uses mushrooms to decarbonize construction waste. "Mycocycle was started to address the waste mismanagement issue we have," she said. "Globally, we've got overflowing landfills that are creating human and environmental health issues."
The World Economic Forum recently released its future of jobs report and broke down what abilities employers are looking for. Julia Pollak, chief labor economist at ZipRecruiter, joined Cheddar News to discuss what top, in-demand job skills are needed in the rapidly-changing economy.
James Demmert, founder and chief investment officer of Main Street Research, joined Cheddar News to discuss market trends as investors digest mixed trading sessions with debt ceiling talks stalling.
This year's upfront presentations to advertisers happened against the backdrop of a massive writers' strike. Cheddar News broke down the big takeaways from how networks proceeded with their events and what upcoming TV and streaming shows were presented.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
