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.
Connie Babikian, President of The Pillow Bar, joins Cheddar Innovates to discuss how everyone can benefit from a pillow customized to their unique way of sleeping, what research goes into making a pillow, and how sleep can impact our mental and physical health.
Theo Wilson, host of the 'I Was There' series, joins Cheddar News to talk about taking viewers on immersive trips back in time to some of history's biggest events.
Angie Klein, CEO of Visible, and Melissa Hobley, CMO of OkCupid, join Cheddar News to talk about teaming up to create a singles registry just in time for wedding season.
Ken Grier, associate creative director at Dictador, joins Cheddar News to talk about the company launching NFT enabled luxury spirits and its art-oriented treasury club, ArtHouse Spirits DAO.
Cheddar recs "Tony Hawk: Until the Wheels Fall Off," "Thermae Romae Novae," "The Bubble," "Apollo 10 1/2: A Space Age Childhood," "Is It Cake?" and "How To With John Wilson."
The Biden administration is once again extending the pause on federal student loans payments — this time, through the end of August. In a statement, President Biden cited a recent analysis from the Fed that if the payments were to resume, millions of student loan borrowers would face significant "economic hardship, delinquencies, and defaults that could threaten America's financial stability." Sarah Foster, an analyst at Bankrate, breaks down the impact of the extension on borrowers, the economy, and the future of student loan forgiveness. "I think this is just an instance of the federal student loan forbearance program kind of creating additional uncertainty for borrowers, especially in the sense that these past four extensions from the Biden administration have kind of come at the 11th hour here," she said.
Walk into any coffee shop or diner and you’ll spot packets of Sweet ‘n’ Low, Equal, or Splenda sweet right away. And, if you’re someone who uses these sweeteners, you’re not alone. In 2020 alone, 141 million Americans used sugar substitutes. They’re attractively marketed with little to no calories, claims of no weight gain and are supposedly safe for diabetics. But with all the hype comes a history of negative PR and health concerns, including possible cancer links. And yet talk of bans by the US Government have proven ineffective, even inciting chaos.
So how did these small packets become so mighty?
Russian President Vladimir Putin's daughters are sanctioned, Attorney General Merrick Garland has Covid, and Uber wants to be a transportation superhub. Here is all the news you Need2Know for Thursday, April 7, 2022.
U.S. markets closed higher to end Monday's session, with tech stocks leading the advance. Gene Goldman, Chief Investment Officer at Cetera Financial Group, joins Cheddar News' Closing Bell to discuss the potential future of the major U.S. indexes, and how factors like policy moves from the federal reserve and the ongoing Ukraine-Russia war could impact volatility.
