Many entrepreneurs are capitalizing on the growing Marijuana market. GreenWave Advisors Founder and Managing Partner Matt Karnes explains the opportunity he sees in this space.
Last week, shares of Marijuana stocks dropped after Attorney General Sessions released a memo cracking down on federal regulation for the industry. "A pullback is actually welcomed. It's really hard to assess the valuations of these publicly traded companies because they don't trade on fundamentals. They just trade on use flow and data," says Karnes. "I would focus my efforts on privately held companies."
Last week, recreational marijuana became legal in California. "It accounts for about 40 percent of the retail market," says Karnes. GreenWave Advisors predicts the recreational marijuana industry in California to generate $5.2 billion in 2018.
Julie Hansen of Babbel unveils Babbel Speak, an AI voice trainer tackling language fear head-on, as Babbel eyes IPO and takes on AirPods’ translation tech.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
