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.
Amazon may have met the David to its Goliath in the epic battle for Long Island City ー provided that Gov. Cuomo doesn't stand in his way. State Sen. Michael Gianaris, who represents New York's 12th district, including Amazon's planned Long Island City outpost, said the tech giant's plan ー promising 25,000 jobs in exchange for billions in city funds ー doesn't even merit negotiation.
When President Trump addresses a joint sessions of Congress on Tuesday night ー the third such event of his presidency ー the most notable deviation from past speeches will be sitting just over his left shoulder. Speaker Nancy Pelosi is now ruling over a House Democratic majority ー including a boisterous class of progressive freshmen representatives elected in part as a rebuke to the Trump presidency.
These are the headlines you Need 2 Know for Tuesday, Feb. 5, 2019.
These are the headlines you Need 2 Know for Monday, Feb. 4, 2019.
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.
What government shutdown? Friday's jobs report showed a blockbuster 304,000 jobs were added in the month of January, despite fears that the partial government shutdown would weigh on the job market. The unemployment rate ticked up to 4 percent, as more Americans rejoined the labor pool. "This economy is now really firing on all cylinders," said Steve Moore, distinguished visiting fellow at the Heritage Foundation. "There's nothing negative about this."
These are the headlines you Need 2 Know for Friday, Feb. 1, 2019.
These are the headlines you Need 2 Know for Thursday Jan. 31, 2019.
Markets surged on Wednesday after the Federal Reserve announced it would leave interest rates unchanged. In a statement that was released following the conclusion of the Fed's quarterly, two-day meeting, the central bank said it would maintain the target range for the federal funds rate at 2.25 to 2.5 percent.
These are the headlines you Need 2 Know for Wednesday, Jan. 30, 2019.
