Stormy Simon was the President of Overstock.com before she left the position in 2016 to start working in the cannabis industry. Simon is a huge advocate for medicinal marijuana and the state adoption of cannabis legalization.
Simon says that she sees a lot of similarities between the start of the e-commerce industry and the start of the legal cannabis industry. Simon was ready for a new challenge and wanted to champion an industry that she believes will revolutionize healthcare.
Simon does say that the federal government could have a large hand in the future of cannabis. However, the country-wide adoption seems inevitable to her at this point.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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