How the Golden State Going Green Might Impact Others
More states will go green if California brings in as much marijuana-related taxes as expected, according to one industry expert.
“You can see...the domino effect begin to happen,” said BJ Carretta, chief marketing officer at weed dispensary MedMen. “It can go to schools, it can go to roads, it can go to bridges, which is only better for the community.”
California has the largest population in the U.S., and it’s the sixth largest economy in the world. Analysts expect the state to rake in about $1 billion dollars in tax revenue now that recreational weed is legal in the state.
But the roll-out hasn’t happened without a hitch. The Central Valley and Fresno areas are largely banning pot businesses, according to California’s Bureau of Cannabis Control, which issued more than 400 licenses leading up to the launch. And Los Angeles and San Francisco haven’t ironed out licensing issues with the state, but the agency expects to start issuing licenses in both cities next week.
For full interview [click here](https://cheddar.com/videos/medmen-ceo-talks-marijuana-legalization-in-california).
Fast AF, a premiere quick commerce retailer for products and brands just announced the close of its Series A investment round. That round puts the value of the company at $200 million. The company gets items to customers ranging from masks to sneakers and is now launching its own in-house delivery service. Lee Hnetinka, founder and CEO of FastAF joins Cheddar News to discuss the announcement.
Carolina Navas, Snap's head of AR product strategy and product marketing, joins Cheddar News to discuss how Snapchat's augmented reality is changing the shopping game this holiday season.
Anesthesiologist and newest cast member on 'The Real Housewives of Miami,' Dr. Nicole Martin, joins Cheddar News to discuss the latest season returning to Peacock.
The World Inequality Lab just released its inequality report, which looks at wealth and income inequality, gender inequality, and carbon emission inequality around the world. It is also the first global assessment of wealth and income inequality since the start of the pandemic. Matthew Post-Fisher, a coordinator with the World Inequality Lab and a research fellow at Harvard Kennedy school joins Cheddar News to discuss the findings.
Instagram Chief Executive Adam Mosseri is set to testify before Congress for the first time. Mosseri’s appearance follows reports that showed Facebook and Instagram are aware of the harms their apps and services cause, including to teen mental health. Nicole Gill, co-founder and executive director of Accountable Tech joins Cheddar News to preview the hearing.
Actor Hosea Chanchez joined Cheddar Wellness to discuss reprising his role in the Paramount+ reboot of the hit series "The Game '' and about the importance of mental wellness for Black men, identifying similarities between himself and the character he plays, Malik Wright. He noted that the role allowed him to submerge himself in the culture of athletes and let him explore and depict subjects that often go undiscussed in the Black community to draw attention to their relevance.
According to an Indeed survey, 77% of job seekers say work happiness is important when considering a future employer. Misty Gaither, Senior Director, Global Head of Diversity, Inclusion & Belonging, Indeed, joins Cheddar Wellness to discuss the importance of overall workplace happiness and how employees and employers can work towards that goal.
Michael Steinhardt, 81, has surrendered 180 stolen artifacts from 11 different countries worth $70 million. The former hedge fund manager has also received a lifetime ban from the antiquities market.
The U.S. has seen several retailers across the country forced to close their brick-and-mortar stores amid the rise of e-commerce over the past few years. However, we are in the midst of a brick-and-mortar boom, with retailers expected to open more stores this year than they close, for the first time since 2017, according to an analysis of more than 900 chains by IHL Group, a research and advisory company. At the same time, the e-commerce businesses of retailers have become more dependent on physical stores to fulfill orders, especially during the holiday shopping season. Lionesque Group CEO Melissa Gonzalez joins Cheddar News' Closing Bell to discuss.
