How Marijuana Companies are Responding to AG Session's Crackdown
Attorney General Jeff Sessions issued a memo rolling back the Obama-era rule that allowed the recreational marijuana industry to flourish. That policy kept feds from cracking down on pot trade in states where it's legal. Cannabis Now's Associate Editor Greg Zeman and The Hill Correspondent Reid Wilson explains how companies in the marijuana market are responding.
"They are concerned about their own future," said Wilson. "It's injected a lot of uncertainty into a market that was poised to double by the end of the decade."
Earlier this week recreational marijuana became legal in the state of California. "The notion that we lost some kind of lynchpin from legalization is somewhat overstated," said Zeman on Sessions memo.
The Hill's White House Correspondent Alex Gangitano joined Wake Up With Cheddar to break down the deterioration of Senator Manchin and President Biden's relationship, as the White House calls out the West Virginia lawmaker for "breaching his commitments to the President."
Airline executives faced tough questions from a Senate panel on Wednesday after receiving a $54 billion dollar Covid-19 government lifeline. Congress approved the fund in three rounds covering much of US airlines’ payroll costs for 18 months. During the hearing lawmakers asked CEO’s how they used the federal bailout funds, about staffing issues, flight cancellations, and delays. U.S. airlines reported a record $35 billion dollar loss last year when travel came to an abrupt halt because of the pandemic. Michael Boyd, CEO at the Boyd Group International explains why customers may not be returning to the skies quite so soon.
Senior Global Market Strategist at Wells Fargo Investment Institute Scott Wren joined Wake Up With Cheddar to recap the central bank's policy change, and how it may impact the economy moving forward.
Carlo's joined by a quarantining Baker to discuss the headlines from the weekend as Omicron spreads like wildfire, Manchin kills Biden's signature bill and Spider-Man throws a lifeline to the box office.
President Joe Biden is pledging to do “whatever it takes, as long as it takes” to help Kentucky and other states recover and rebuild after a series of deadly tornadoes that he says left a trail of unimaginable devastation.
The Federal Reserve has nixed the controversial word "transitory" to describe inflation in its latest policy statement. The change in language comes as the Fed plans to speed up its tapering of monthly asset purchases.
