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.

Share:
More In Culture
Gingerbread House Inspiration
Lenny Rosenberg and Adaeze Nwanonyiri, owners of Bea's Bakery, joined Cheddar News to show people how to take the creation of gingerbread houses to the next level.
Wendy's Frosty Key Tag Promotion
Wendy's announced it's bringing back its Frosty key tags for promotion, which gives customers a whole year's worth of Frosties for just $3, with proceeds going to children in foster care.
On The Scene: The Museum of Broadway
Julie Boardman, co-founder of The Museum of Broadway, joined Cheddar News to discuss the history of theater in New York City, showed some of the gallery exhibits and gave a behind-the-scenes tour of how some of the shows are produced.
Roc Nation and Social Justice Reform
Dania Diaz, managing director of Roc Nation and one of the founding members of its United Justice Coalition, joined Cheddar News to discuss how the organization helps to address violence in Black and Brown communities and what they expect to talk about at an upcoming summit.
Load More