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.
romantic scams have hit a record high, according to the FTC. Last year alone, victims lost an estimated $547 million, which is six times more than the recorded total from 2017. Debbie Montgomery- Johnson, a victim of romantic scams and the author of the 'Woman Behind the Smile,' joined Cheddar to discuss more.
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GLAAD, the media watchdog for the LGBTQ community, released its “Where We Are on TV” report last week, with updated data on the entertainment industry. Rich Ferraro, chief communications officer for the non-profit organization, joined Cheddar News to talk about the progress that has been made on media representation and what's at stake in the process of humanizing queer people in popular culture as a recent backlash in legislative trends demonstrated. "We just saw the news yesterday in Texas, a move from Governor Abbott that would try to pull trans youth away from their parents for receiving gender-affirming care," Ferraro said. "And television and entertainment can be a frontline to preventing such anti-LGBTQ legislation from moving forward."
The real estate market is only continuing to heat up as home prices skyrocket across the country. The median price for an American home jumped nearly 20 percent in a year, with the number of 'million dollar cities' tripling since 2020. Tim Rood, Situs AMC Managing Director joined Cheddar's Opening Bell to discuss.
