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.
The global bottled water industry is booming, and it's coming at a steep environmental cost, according to the United Nations University Institute for Water, Environment and Health.
Sanofi has announced that it will lower the list price of its insulin drug, Lantus, by 78 percent and will set a $35 cap on out-of-pocket costs for all patients.
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
A total of 33 states and the District of Columbia now allow at least some form of sports wagering, but the prospects are mixed for expanding sports betting to additional states this year.
Neel Shah and Caitlin Kelly describe how their company EZ Newswire fared following Silicon Valley Bank's stunning collapse as other banks are feared to be in similar precarious states.
This photo taken on Feb. 24, 2023 shows a XPeng X2 flying car at the headquarters of XPeng Aeroht in Guangzhou, south China's Guangdong Province. Guangzhou, one of China's major car manufacturing bases, has been striving to attract investment in new energy vehicle NEV industry in recent years.
Tom Graff, head of investments with Facet Wealth, joined Cheddar News to discuss what investors should know about the stock market amid concerns about the banking sector.
