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).

Share:
More In Culture
Making Financial Inclusion a Reality
Briana Marbury, Executive Director of the Interledger Foundation, joins ChedHER to discuss how she's creating pathways to financial access, and advice for pursuing a career in philanthropy.
Paving the Way For Women in Leadership
Sharon Marcil, North America Regional Chair of Boston Consulting Group, joins ChedHER to discuss how she's paving the way for women in leadership positions, and advice for career advancement.
Creating a Community Space for Business Owners; Creating Pathways to Financial Access
On this episode of ChedHER: North America Regional Chair of Boston Consulting Group breaks down how she's closing retention gaps in business, and advice for advancing in your career; Executive Director of the Interledger Foundation explains how she's working to create pathways to financial access; A look at how JPMorgan Chase is helping business owners in the Harlem community.
Stoke Space Technologies Raises $65 Million to Develop Reusable Rockets
Reusable rocket developer Stoke Space Technologies raised $65 million in a Series A round led by Breakthrough Energy Ventures, a firm founded by Bill Gates. Stoke says its reusable rockets provide the satellite industry with low-cost, on-demand access to and from orbit. As companies like SpacX and Blue Origin are also making commitments to rocket reusability, Stoke says it is taking a different approach with a system designed to be 100% reusable, comprised of rockets designed to fly daily, like an airplane. Stoke co-founder and CEO Andy Lapsa joins Cheddar News' Closing Bell to discuss.
Load More