New York State Sen.: Legalizing Weed Is "the Right Thing to Do"
In Vermont, the governor just signed a law allowing people to consume marijuana recreationally. The newly inaugurated governor of New Jersey has made it clear that he wants weed legalized.
But in neighboring New York, Gov. Andrew Cuomo -- an outspoken opponent of legalized marijuana -- has, well, appointed a task force to study the issue.
State Senator Gustavo Rivera, however, thinks that what is happening in the other states will inevitably lead New York to liberalize its laws.
"When something is legal in one state and not legal in another, you will have people crossing the border to go and get it," Senator Rivera said in an interview Tuesday on Cheddar's weekly "Cannabiz" show. "You see that with firecrackers; they're legal in many states but illegal in others. So certainly it can have an impact on what happens in one state, when people of that state go to another to acquire it, which is why, yes, there is pressure now."
Governor Cuomo has long argued that marijuana was a "gateway drug" that could lead to the use of other, more dangerous drugs. As recently as a year ago, he said, "I am unconvinced on recreational marijuana." His creation of a task force to study the legalization issues suggests that his views have softened, at least somewhat.
But Senator Rivera, a Democrat who represents portions of the Bronx, says the issue is pretty clear-cut. "Many of us are saying let's make sure that we do the right thing in the state of New York, that we push for recreational marijuana to exist in New York. It would be the right thing to do."
For full segment [click here](https://cheddar.com/videos/when-will-new-york-legalize-marijuana).
A new analysis reveals that for more than two decades, the West has been the driest it has ever been since 800 A.D. The drought which began in 2000 has brought more devastating wildfires and draining water reserves well below healthy levels. Climate Scientists and Adjunct Associate Research Scientist at Lamont Doherty Earth Observatory at Columbia University,Benjamin Cook, joined Cheddar to discuss more.
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.