How Recreational Pot Is Hurting Medical Marijuana Patients in California
Recreational marijuana is bringing in millions of tax dollars for the state of California, but there are also some downsides. Greg Zeman, associate editor at Cannabis Now, explains how the state's new laws are hurting some medical marijuana patients.
Some medical marijuana companies donate products to non-profits like the Weed For Warriors Project, which gives medical marijuana patients free pot. Due to the state's new tax regulations on weed, companies still have to pay taxes on these donations. 100 pounds of cannabis would cost roughly $50,000 in taxes.
Regulations across the country are holding American businesses back from competing with Canada, according to Zeman. He says Canadian companies are gearing up to take over global pot markets as more countries legalize recreational marijuana. California is the largest producer of cannabis, but federal regulations prevent it from selling to global markets.
Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Wall Street was quiet early following a lackluster session a day earlier as markets await U.S. inflation data and high-profile corporate earnings reports later in the week.
The World Economic Forum says false and misleading information supercharged with cutting-edge artificial intelligence is the top immediate risk to the global economy.
CES 2024 starts this week in Las Vegas. It's set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more. Here's a list of the coolest announcements so far.
Astronauts will have to wait until next year before flying to the moon and another few years before landing on it. NASA on Tuesday announced the latest round of delays in its Artemis moon-landing program.
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as independent contractors. The labor department rule going into effect Tuesday replaces a scrapped Trump-era standard that lowered the bar for classifying employees as contractors
The KC-46 was to be the ideal candidate for a fixed-price development program. Instead, it has cost Boeing billions, and made industry wary of such deals.
