Cheddar's "CannaBiz" program is dedicated to the business of marijuana. In each episode we explore the growing market, landscape for regulation, and ways people and businesses are capitalizing on the space. During this episode Cheddar Anchors Hope King and Brad Smith explore pending legislation in Vermont, and a company expanding deeper into the medical marijuana market.
According to a new report by New Frontier Data, Cannabis could create more than $130 billion dollars in federal tax revenue by 2025. That's if the federal government legalizes the drug. It could also ad 1.1 million jobs by 2025.
Vermont could be the next state to change it's current marijuana laws. Vermont Governor Phil Scott planning to sign a bill to legalize marijuana for those 21 years or older. This will make Vermont the first state to do so through legislation. Montpelier, Vermont Mayor John Hollar explains how this could impact the growing market.
"People generally think its an inevitability in our state that we will have a legalization," says Hollar. "I think people understand and recognize that its going to happen."
Now that cannabis is legal in California, many people are wondering how to add it to their recipes in the kitchen. Cheddar's Alyssa Julya Smith joined Jeff the 420 Chef in the kitchen to talk about his specific technique to clean cannabis and make sure you are taking out all the smells and flavors to seamlessly add to your food.
Namaste Technologies is rolling out a telemedicine portal to connect doctors to medical marijuana patients virtually. The company's co-founder and CEO Sean Dollinger explains how they are bringing this technology to the Canadian market.
"NamasteMD is the first application allowed by the app store for telemedicine in Canada ever for cannabis," said Dollinger. He explains his hope for Namaste Technologies to become a global leader in cannabis by leveraging its technology for partners in the market.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Canopy Growth reported a wider-than-expected loss in its fourth quarter and fiscal year results. However, the cannabis company plans to expand its portfolio and make new investments to achieve profitability and drive growth. CEO David Klein provides insight into the earnings report and how the company plans to reach profitability. “The premium strategy coupled with our mainstream brands in Canada is the key to achieving profitability here," he said.
U.S. stocks ended near session highs to close Thursday's session after retailers released positive earnings results. Investors also continued to weigh the federal reserve's recent indication that the central will raise rates in an effort to curb inflation. Adam Johnson, Portfolio Manager for Adviser Investments, joins Cheddar News' Closing Bell to discuss.
Elon Musk officially dropped out of the $200 billion club.
The move comes as Tesla's stock continues to plummet as a number of banks and analysts reconsider their lofty valuation of the automaker. Greg Martin, Co-Founder, Rainmaker Securities joined Cheddar's Opening Bell to discuss.
On today's Biz Breakdown: Elon Musk ups his offer to buy Twitter, Pfizer drops vaccine cost for some lower income countries, and Oreo & Ritz team up to create a cracker-cookie Sandwich
Catching you up on today's top stories with Elon Musk raising his own commitment to purchasing Twitter with $33.5 billion, Apple plans to produce 220 million iPhones this year, and the company also is raising its hourly retail wage to $22 per hour amid ongoing unionization efforts at its stores.
Everyone is searching for that social media moment, whether it’s filming a viral dance for TikTok or snapping a selfie for your Instagram Story. Cheddar News explores the activities made for the online world, including streaming companies creating real-life experiences to entice you to stay subscribed, TikTok taking the stage with its first theatrical production, and how one immersive experience made out of candy encourages you to revisit your childhood.
It's not a scene from a movie: an asteroid the size of Mount Everest is headed toward earth. It's bigger than 99% of the asteroids in our solar system. But Cheddar anchor Shannon Lanier says fear not. The giant rock will miss us by more than 2 million miles.
Join Cheddar News as we break down the top headlines for Thursday, May 26 including updates on the Texas school shooting, President Joe Biden's executive order on police reform, and a recount in the Pennsylvania GOP Senate primary.
