MedMen CEO Talks Marijuana Legalization in California
Starting at midnight on January 1, recreational marijuana became legal in California. Cannabis for medicinal purposes has been legal for more than two decades, but this legislation signals a change for the industry.
Alyssa Julya Smith caught up with MedMen Dispensary's CMO BJ Carretta to discuss the economic impact as well as where some of the tax dollars will go for an industry poised to make $7 billion in the coming years.
Carretta talks about destigmatizing the practice of cannabis use and how that will help grow the industry to one of the biggest in the Golden State. He also says marijuana taxes will be as high as 35%, and the state is still figuring out what will be done with the tax money made off of the sales.
Daniel Loria, Editorial Director at Box Office Pro, joined Wake Up With Cheddar to give predictions for the weekend, which will see three major films debut, as 'West Side Story', 'Don't Look Up' and 'Being the Ricardos' all hit theaters.
Politico Tech Policy Reporter Rebecca Kern joined Wake Up With Cheddar to recap Instagram CEO Adam Mosseri's testimony to Congress, and look ahead to new safety features on the horizon for the social media giant.
Carlo and Baker wrap up the week talking about the Biden economic boom that no one seems to notice, a verdict in the Jussie Smollett case, the first Starbucks union in America and the pleasures of the "dude nod."
In attempts to combat online violence, the UNFPA has officially launched a 'bodyright' campaign in hopes to call policymakers and tech companies to stand up to protect the online presence of social media users. Chief of the Gender and Human Rights Branch at the United Nations Population Fund Nafissatou J. Diop, joined Cheddar to discuss more.
'Shang-Chi and the Legend of the Ten Rings' made history as the first Asian-led marvel movie, staring Simu Liu. It was also the first movie in the pandemic era that Disney allowed to be purely in theatres and available nowhere else for 45 days, making over $418 million globally, in theatres. Director and co-writer of the film, Destin Daniel Cretton, joins Cheddar News.
A new bill in Congress shows just how bipartisan cannabis really is. Rep. David Joyce, a Republican from Ohio, teamed up with progressive Rep. Alexandria Ocasio-Cortez on a cannabis expungement bill. Cheddar cannabis reporter Chloe Aiello spoke with the congressman about the legislation.
Rainmaker Games bills itself as a blockchain-based organization founded in the metaverse, built on a new type of gaming ecosystem called play-to-earn. The company announced a $6.5 million seed round after it was founded just this year. Rainmaker Games CEO and founder Will Deane joins Cheddar News' Closing Bell to discuss.
