High Times CEO: Vicente Fox Joining Board Brings Credibility
The addition of former Mexico President Vicente Fox to the board of High Times brings "credibility" to the cannabis culture company.
That's according to CEO Adam Levin, who joined Cheddar for an interview on Tuesday.
"You have that stoner stereotype," Levin said. "President Fox has been a great advocate of cannabis and legalization across the world. And as we go into more and more markets, hopefully \[he\] will be a strong advocate for the company and legalization in general."
Fox, who served as president of Mexico from 2000 to 2006, has argued that broad legalization of marijuana will reduce the impact of drug cartels and also create jobs and lead to medical advancements. He's also lobbied to include cannabis in the North American Free Trade Agreement, saying it should not be treated as a "criminal issue."
He's not the first high-profile ex-politician to team up with a cannabis company this year. Investment firm Acreage Holdings added former [U.S. House Speaker John Boehner](https://cheddar.com/videos/why-john-boehner-changed-his-mind-on-cannabis) to its board in April.
And High Times's addition comes as the publisher gears up for an IPO on the Nasdaq. The company on Tuesday also [launched a crowdfunded "pre-sale"](https://cheddar.com/videos/high-times-preps-for-ipo-with-crowdsourcing-drive) ahead of that offering, with shares available on its website for $11 apiece.
"We value the community and value the fans that have been consumers of ours for so long," Levin said. "We thought we'd give them an opportunity to grow with us. Cannabis valuations are great, and we're excited to join the ranks of the public companies in the cannabis industry."
For the full interview, [click here](https://cheddar.com/videos/adam-levin-on-taking-high-times-public-on-the-nasdaq).
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
