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).
Bioscience and genetic engineering company, Colossal, raised $60 million in a Series A funding round. Colossal is focused on developing new technologies and genetic tools to restore extinct species, and protect critically endangered species. One of the startup's long-term goals is to resurrect the woolly mammoth, and return it back to the arctic. Colossal also says it is developing technology that expands beyond animals, and has the potential to advance human health. Ben Lamm, co-founder and CEO of Colossal, joins Cheddar News' Closing Bell to discuss.
After a two-year hiatus, the New York City St. Patrick’s Day parade up Fifth Avenue in Manhattan made its triumphant return. More than 150,000 people turned up to celebrate the day even through bad weather.
Jordan Mauriello, CEO of MoreYellow, talks about the evolving landscape of female gamers and why brands see Influencers as more valuable than their male counterparts.
Apple's Racial Equity and Justice Initiative is a $100 million program aimed at combating systemic racism while working to advance racial equity across the country. Alisha Johnson, director of the initiative, joined Cheddar at SXSW to discuss the work being done. "We focused on three critical areas. The first is education. The second is criminal justice reform, and the third is economic empowerment, really looking first in our own supply chain, how can we really increase our spend with Latinx, Hispanic, and indigenous-owned businesses," she said. "And then how can we go further to empower entrepreneurs who have been cut out of access to funding and capital and really help them to get the funding."
What you Need to Know on Thursday, March 17. Updates from Ukraine, President Biden refers to Putin as a ‘war criminal’ for the first time, Walmart has ambitious hiring targets for Q1, and Netflix takes steps to crack down on password sharing.
Residents were cleaning their homes Thursday after a 7.4-magnitude earthquake struck off the coast of Fukushima in northern Japan, smashing furniture, knocking out power and killing four people.
Biden calls Putin a "war criminal," HBCUs are getting grant money for security after dozens of bomb threats, and Cannes may hate red-carpet selfies, but this year they're partnering with TikTok. Here is all the news you Need2Know for Thursday, March 17, 2022.
A Peacock streaming show about a '90s one-hit-wonder girl group getting another chance at musical success, "Girls5Eva" drops its second season on the platform on May 5. Cheddar's Michelle Castillo sat down with creator Meredith Scardino and actor Paula Pell from South By Southwest in Austin, Texas, to talk about what fans can expect from the series in Season 2. "They're going to create their first studio album, which is really exciting," Scardino said. "So we're going to follow that journey as they as they get back in the studio."
Cheddar News senior reporter Michelle Castillo was joined by the cast of 'Lizzo's Watch Out for the Big Grrrls' during South by Southwest 2022. They talk all about the new series, which premieres March 25 on Prime Video.
