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.
The tragedy on the set of the movie "Rust" is sparking calls for safer Hollywood film sets. Actor Alec Baldwin accidentally killed the film's director of photography and injured the director when he fired a prop gun while rehearsing a scene last week, unaware the weapon was loaded with live rounds. Tom Murray, entertainment editor of Insider, joined Cheddar to discuss how prop guns can still be very dangerous and why Hollywood has prioritized realism over safety, despite several on-set accidents over the decades.
Jill and Carlo cover the latest developments in the Alec Baldwin prop gun shooting, when vaccines for kids as young as 5 should be approved, new reporting on Facebook and more.
Dana Sussman, deputy executive director at the National Advocates for Pregnant Women, joined Cheddar News to talk about Brittney Poolaw, who was sentenced to four years in state prison for a miscarriage she suffered last year.
A Glassdoor report found mentions of "burnout" in online job reviews have increased by 100 percent over the course of the pandemic. Daniel Zhao, the senior economist for the company, talked to Cheddar about the underlying reasons workers have been expressing themselves about the state of their mental health. "That's really a reflection of the fact that the COVID-19 pandemic has been going on for almost 2 years now, and it's really dragged on," he said. "So workers are increasingly feeling like the lines between their work life and their home life are blurred, and they don't feel like they can get that same balance that they might have been able to get before the pandemic."
Tesla's third-quarter earnings report is expected to beat expectations on both the top and bottom lines amid record-high delivery numbers. The electric vehicle giant hit a record high of 241,000 deliveries - strong numbers amid ongoing global semiconductor and supply chain shortages. This segment is brought to you by Webull. Download the Webull app and start learning, sharing, and investing.
Middle school students from across the country battled it out for a chance at being crowned 'America's Top Scientist.' Each applicant had to submit a video to compete in the '3M Young Scientist Challenge' and describe a unique solution to an everyday problem for the chance to win $25,000. 10 finalists were chosen and after a two-day virtual competition, one walked away with the title. 14-year-old Sarah Park won the award, she joins Cheddar News to talk about her invention Spark Care+.
Netflix’s "Squid Game" has been the buzz of the entertainment world and according to Bloomberg, the series has an estimated value of $900 million to the streaming giant. So far, the film has hit number one in each country Netflix operates in.
Disney has announced that it is reworking the release schedule of its Marvel Cinematic Universe like "Black Panther 2" and "Doctor Strange in the Multiverse of Madness." The delays were reportedly attributed to production issues and the theater date selection process amid the pandemic.
