We're just a few days away from a rapid shift in the way the cannabis industry operates in California. Starting January 1st, businesses will be allowed to start selling recreational weed. Greg Zeman, Associate Editor at Cannabis Now, was with us to discuss the legal and financial implications of the new law.
California is the 6th largest economy on Earth and could have a big influence on the perception of marijuana by the rest of the nation. This is the real test for the cannabis industry in the U.S., and other states will be taking notes, says Zeman. He adds that the new regulations will impact issues in the space such as potency of products and what hours dispensaries can operate.
Blockchain has been one of the biggest buzzwords in business over the past few months as the Bitcoin craze continues. The idea has been floated to track marijuana sales via blockchain technology. Zeman thinks this would be great for the industry, because we'd be able to see the where sales came from and who owns the product. He adds that being able to track marijuana sales is very important in a market where the authenticity of the product is crucial.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
