MedMen VP Daniel Yi On How Recreational Marijuana in California Has Affected Business
Recreational marijuana has been legal in California since January 1 and since then cannabis stores like MedMen in West Hollywood have been a significant bump in sales and foot traffic. Alyssa Julya Smith visited the MedMen location in West Hollywood one month after the store first started selling recreational marijuana.
Yi explains that month-to-month MedMen has been triple the amount of foot traffic and revenue in January as they had from December. He explains that more people than ever before are buying edibles and trying different forms of cannabis.
Los Angeles was slow to start granting recreational marijuana licenses but has continued to issue them. As of the end of January, the city had approved more than 20 stores and is still awaiting approval from the state. According to some analysts, the cannabis industry in California is expected to be worth $5.1 billion in 2018.
All three defendants in the Ahmaud Arbery killing were found guilty today on numerous charges including felony murder. Criminal Defense Attorney Anthony Hall joined Cheddar to discuss.
Bitcoin has officially entered bear market territory. The cryptocurrency is down 20% from an all-time high of nearly $69,000 dollars, which it hit earlier this month. Experts mark the new potentially vaccine-resistant coronavirus variant as the reason for the dip. Patrick McConlogue, CEO of Overlin, joins Cheddar News to discuss.
Carlo and Baker cover the latest developments with the Omicron variant, and break down what we know and what we still don't. Plus, a relatively tame Black Friday, and more.
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For the first time in the National Dog Show's 20-year-history on NBC, a canine was crowned Best in Show for the second year in a row. Claire, a Scottish deerhound, was the repeat winner, and David Frei, expert analyst and host of the National Dog Show Presented by Purina, joined Cheddar to discuss the historic victory. "It's never happened in the 20 years that we've done this show," he said. "She looks great right now. She's at the top of her game, she's the number three show dog in the country, and has become the top winning Scottish deerhound of all time, breaking her grandmother's record."
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The biggest shopping day of the year is approaching - Black Friday - and the following week is known as Cyber Week, the biggest time of the year for online shopping. But for many companies and consumers, the holiday shopping season is already underway. Retailers have been getting creative in their attempts to lure customers amid ongoing supply chain issues, inflation, and the pandemic that could impact sales. Lionesque Group CEO and founder Melissa Gonzalez joins Cheddar News' Closing Bell to discuss.
