Cheddar's weekly series "CannaBiz" focuses on the business of marijuana, and market opportunity in this space. Cheddar Anchor's Brad Smith and Baker Machado dive into the latest trends in this space.
This week Vermont became the ninth state to legalize recreational marijuana. It's also the first state to enact this through legislation. Marijuana Policy Project's Director of Communication Morgan Fox explains the state of regulation, and how his organization is pushing for greater legalization.
"If you look at polling in every state, and nationally there is majority support for making marijuana legal," said Fox. In October 2017, a Gallup poll found 64 percent of Americans support making marijuana legal.
Several marijuana companies are kicking off 2018 strong in the public market. Green Market Report's CEO and Editor-in-Chief Debra Borchardt explains the companies she see's capitalizing on the growing cannabis market.
Toronto-based Med Releaf is up nearly 20 percent in 2018. Borchardt says this company stands apart by being one of the lowest cost cannabis producers. "This is where we are seeing the real race in the marijuana community," says Borchardt.
Two other companies on Borchardt's watch list are Kush Bottles, and Aurora Cannabis.
Stepping up a feud with Washington over technology and security, China's government on Sunday told users of computer equipment deemed sensitive to stop buying products from the biggest U.S. memory chipmaker, Micron Technology Inc.
Stocks are moving tentatively Monday, as Wall Street waits to see whether a pivotal meeting in the afternoon will help the U.S. government avoid a potentially disastrous default on its debt.
Scores of Boston University students turned their backs on the head of one of Hollywood's biggest studios, and some shouted “pay your writers,” as he gave the school's commencement address Sunday in a stadium where protesters supporting the Hollywood writers' strike picketed outside.
Gov. Ron DeSantis is asking that a federal judge be disqualified from the First Amendment lawsuit filed by Disney against the Florida governor and his appointees, claiming the jurist's prior statements in other cases have raised questions about his impartiality on the state's efforts to take over Disney World's governing body.
Ford CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. The days of Ford being all things to all people are over, Farley said at the company's capital markets day event Monday.
The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring users personal information across the Atlantic by October, the latest salvo in a decadelong case sparked by U.S. cybersnooping fears.
Joanne Rodriguez, founder and CEO of Mycocycle Inc., joined Cheddar News to discuss how her company uses mushrooms to decarbonize construction waste. "Mycocycle was started to address the waste mismanagement issue we have," she said. "Globally, we've got overflowing landfills that are creating human and environmental health issues."
