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.
By midday Wednesday, the Dow had plunged roughly 500 points, before rebounding slightly, while the S&P and Nasdaq Indexes were also down.
These are the headlines you Need 2 Know for Wednesday, October 2, 2019.
One man was shot in the chest with a live round by police in Hong Kong on Tuesday during widespread and violent protests that coincided with celebrations across China marking 70 years of the Communist state.
The current instability led the Geneva-based organization to cut its forecast for trade volume growth to just 1.2 percent in 2019, an over 50 percent drop from an earlier estimate.
Rep. Carolyn Maloney, the author of the pending Smithsonian Women's History Museum Act, told Cheddar that it's "difficult to empower women, if you don't even recognize them."
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.*
The latest tally represents about a 50 percent surge in illnesses and deaths since the CDC last took stock of the damage. As illnesses mount, regulators have stopped short of issuing a ban on vaping, recommending instead vape users abstain from vaping until the cause of the illness is identified.
The embattled Justice Department's top official, Attorney General William Barr, and the president's personal attorney, former New York City Mayor Rudy Giuliani, are now under a great deal more scrutiny.
The House of Representatives made history on Wednesday, passing landmark legislation that would protect U.S. banks that provide services to legitimate cannabis businesses in states where cannabis is legal.
As pressure mounts to detect and combat the spread of deepfakes, startups like Canny AI are embracing the technology and attempting to commercialize it.
