The Business of Marijuana, History of Legalization
Cheddar kicks off the start of CannaBiz. The weekly special is dedicated to the business of marijuana. We will dive into the growing marketplace, landscape for regulation, and ways people and businesses are capitalizing on the space.
Last week, recreational marijuana became legal in California. "It accounts for about 40 percent of the retail market," says GreenWave Advisors Founder and Managing Partner Matt Karnes. GreenWave Advisors predicts the recreational marijuana industry in California to generate $5.2 billion in 2018.
Las Vegas based Cannabis consumer company, Altitude Products, is capitalizing on the growing legal recreational market. "Cannabis consumers are looking for more education, and they are looking for curated experiences," said Altitude Products CEO Krista Whitley. "There continues to be opportunities for small business ownership, and savvy entrepreneurs."
Social media platform MassRoots is growing a social community around Cannabis. "We are developing products and features specifically for Cannabis consumers that larger social networks like Facebook or Twitter wouldn't spend time and resources on to develop for such a small portion of their user base," said MassRoots CEO Isaac Dietrich. He says he hopes the app helps consumers to make educated cannabis purchasing decisions through community-driven reviews.
You can catch the weekly series, CannaBiz, every Tuesday from 3:30 to 4:00 pm EST on Cheddar.
Tech-enabled residential hospitality company Mint House recently raised $35 million in a Series B round led by Mohari Hospitality. Mint House was described by one of its backers as 'the best of a hotel without the worst of a hotel, and the best of an Airbnb without the worst of an Airbnb.' Mint House offers apartment-style lodging across the country. The company claims its spaces combine the comfort of a home with the luxury of a hotel in order to give guests all of the perks and none of the tradeoffs. Will Lucas, Founder and CEO of Mint House, joins Cheddar News' Closing Bell to discuss.
Fintech company Acrisure recently raised $725 million in a new funding led by a wholly-owned subsidiary of the Abu Dhabi Investment Authority, bringing the company's valuation to $23 billion. Acrisure offers financial solutions including insurance, reinsurance, real estate services, cyber services, and asset management. The company says its financial solutions are powered by the best of human and artificial intelligence. Greg Williams, co-founder, CEO and President of Acrisure, joins Cheddar News' Closing Bell to discuss.
Jada Pinkett Smith took to her Facebook Watch series, "Red Table Talk" to address the infamous slap by her husband Will Smith on Chris Rock at the past Oscars ceremony. This particular episode centered around her own diagnosis of Alopecia, which became highlighted in the wake of Rock's joke directed at her.
High school seniors are finalizing their college plans for the fall and figuring out their next moves, but experts say the college ranking system can be confusing, and can lead many to make the wrong choice about their futures. John Nader, president of Farmingdale State College, joins Cheddar News to discuss.
We are in the midst of a mental health crisis that needs more attention. New data shows the large toll that the pandemic took on students' mental health with 7 in 10 public schools reporting a rise in the number of students seeking mental health services. Only about half of those schools are able to meet those demands. Dr. Pete Loper, pediatrician and child and adolescent psychiatrist, joins Cheddar News to discuss.
Join Cheddar News as we break down the top headlines this morning including updates on the Tulsa medical center shooting, Johnny Depp V. Amber Heard verdict, and Democrats push for gun control reform.
Caring for one’s emotional well-being is just as important as physical health, but many groups face increased stigmas surrounding mental wellness. Cheddar News looks into the taboos that prevent the AAPI community from seeking help and how one tech company is trying to solve the problem. Plus, explore emerging trends in wellness and learn unique ways to help you get centered.
Queen Elizabeth is celebrating 70 years on the British throne this weekend. The Platinum Jubilee kicks off Thursday. She is the longest-reigning monarch in British history. Cheddar's Shannon LaNiere takes a look back at her remarkable reign.
