Gov. Hickenlooper (D-CO) on the Federal Fight Against Weed
Colorado Governor John Hickenlooper says the only way to stay on the federal government’s good side in the fight against cannabis is to “regulate the living daylights out of it.”
The democrat told Cheddar in an interview Wednesday that Attorney General Jeff Sessions’ negative stance towards marijuana creates friction between state and federal authorities.
“It’s very frustrating,” he said. “If states really are the laboratories of democracy, [legalization] is a huge social experiment going on all across the country.”
That friction only creates uncertainty in the cannabis industry, leaving business leaders in a lurch.
“[But Sessions] wants that uncertainty, he wants it to be bad for business,” said Hickenlooper.
In order to maintain a positive relationship with the federal government, states like Colorado have to make sure there’s no risk of funny business, so opponents won’t be able to make a case against them.
“We’re going to make sure that it is not corrupt, we don’t have gangs, we don’t have cartels, we are really going to work as hard as we can to make this…clean and above board,” Hickenlooper explained, pointing out that Colorado’s cannabis industry is currently worth $1.5 billion a year and “there’s taxes collected” on that.
In 2012, Colorado became one of the first states to legalize marijuana for recreational purposes.
“You can’t have laws that nobody obeys,” he said. “It’s just not good for society.”
For the full interview, [click here](https://cheddar.com/videos/the-one-thing-that-wakes-colorado-governor-john-hickenlooper-up-at-night).
Markets opened slightly higher to kick off the final trading week of the year as investors continue to watch the Omicron variant in the U.S. Sean O'Hara, President, Pacer ETFs joined Cheddar's Opening Bell to discuss what drove early market activity.
Carlo and Baker kick off the weirdest week of the year with all the news you missed over the holiday weekend, including calls for the CDC to shorten its isolation window as Omicron sweeps through the country.
Former professional tennis player Patrick McEnroe joined Cheddar to discuss the troubling issues surrounding player Peng Shuai who appeared potentially to have been silenced following her social media post accusing former Vice-Premier Zhang Gaoli of sexual assault. Shuai's subsequent disappearance, reappearance, and apparent retraction of the accusation in an interview only added to worries. "When this happened, all of us in the tennis community were very concerned. And, by the way, another thing Peng said in this interview was that she doesn't speak very good English," McEnroe noted. "Well I can assure you, she speaks darn good English, 'cause I spoke to her on many occasions over the last 15 years."
Universities like UCLA, Yale, and Duke have announced they're implementing remote learning amid the COVID omicron variant surge, despite President Biden recommending that K-12 schools should continue in-person education. Jared C. Bass, senior director for Higher Education at American Progress, joined Cheddar to break down what institutions of higher education might be considering differently. "I think some universities are allowing periods of a bit of a respite to allow students to get testing and make sure when they do return back to campus that they're healthy," he noted.
The S&P closed at a record at the major markets ended Thursday's session higher for a third straight day. Adam Coons, Portfolio Manager at Winthrop Capital Management, joins Cheddar News' Closing Bell, where he discusses what has investors feeling jolly before Christmas, and gifts investors with winning buying opportunities entering 2022.
The Supreme Court will hear arguments on President Joe Biden's vaccine mandates for large companies and health care workers on January 7, 2022. The mandates will remain in place until then.
Carlo and Baker cover the heartening news on the Covid front ahead of the holiday, plus President Biden punting student loan repayments again, a new space telescope and Love, Hate, Ate: Christmas Eve Eve Edition!
This year's worldwide semiconductor shortage limited the supply of everything from new cars to smartphones; and now, many in the chip industry expect the shortage to continue deep into 2022, and maybe even 2023. Semiconductor senior research analyst for Robert W. Baird & Co., Tristan Gerra, joins Cheddar News' Closing Bell to discuss.
