While some brands are gearing up for Cyber Monday and Black Friday, others are preparing for Green Wednesday. "Weed Wednesday," as it is sometimes called, is "the perfect confluence of people wanting weed," Weedmaps culture editor Nicolas Juarez told Cheddar.
Green Wednesday makes sense, he said, because it's "the day before Thanksgiving, where it's travel-filled, shopping-filled, stress-filled — you're going home to Thanksgiving, where it can be tense."
Weedmaps, founded in 2008, is a technology company that allows users to review cannabis strains, locations, and especially on Green Wednesday, deals.
Juarez said the app sees a 53 percent increase for in-store pickups and a 30 percent increase in users looking at dispensaries on the shopping day. He said there are a myriad of deals offered, ranging from 50 percent off to buy two get one free, which may be especially appealing for California users ahead of the tax increase on Jan. 1, 2020.
Weedmaps is not alone in seeing a jump in the activity on the cannabis-inspired shopping day. Sales on 2018's Green Wednesday was reportedly 63 percent higher than the average Wednesday.
"It's an opportunity to target a new customer, who hopefully will become a returning customer," he said.
While marijuana and CBD gifts may become more popular this holiday season, there still is risk involved. Federal law still prohibits THC, and CBD in food and drink is still illegal. However, more states than ever have legalized cannabis products, leaving gift-givers and recipients in limbo.
But with availability rising, and growing support for legalization, Juarez says the holidays will be "a great time to try a new product."
Jade Warshaw, personal finance expert and co-host of 'The Ramsey Show, joined Cheddar News to provide tips on how to save on engagement rings and to look at cheaper alternatives.
As the country watches the financial situation and monitors decisions from the Federal Reserve, many may be re-evaluating what to do with their money, with interest and mortgage rates at some of the highest levels seen in decades. Mark Hamrick, Washington bureau chief and senior economic analyst with Bankrate, joined Cheddar News to provide tips on your money management as monetary policy continues to change.
A Dutch recruitment firm found that only 42% of employees who have been laid off this year actually received severance, down from 64% who received severance in 2021.
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
