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.
U.S. stocks fell sharply to close Tuesday's session, with the Nasdaq dropping 3.95% and hitting a new one-year low. Frances Newton Stacy, Director of Strategy for Optimal Capital, joins Cheddar News to discuss her reaction to how markets closed the session, and to break down Q3 2022 earnings from Microsoft. "Netflix was sort of the big warning, and I think Big Tech was down today in anticipation of these earnings," she says.
With Netflix losing 200,000 subscribers in one quarter, and CNN+ shutting down just weeks after launch, the streaming industry is in a place of uncertainty. Hundreds of people who once thought they had steady jobs now face potential unemployment as streamers figure out how to navigate the constantly changing landscape. Greg Martin, co-founder of Rainmaker Securities, joined Cheddar's Opening Bell to discuss the state of streaming, its troubles, and how its impacting hundreds of workers.
With mask mandates lifted across various parts of the country, healthy indoor air quality in public spaces is more crucial than ever before. According to the CDC, proper ventilation, in addition to other preventative measures, is instrumental to preventing the rapid spread of covid-19 indoors. As the push for higher air quality ramps up, AtmosAir is providing a high-tech solution for cleaner, greener air indoors. Steve Levine, CEO, AtmosAir, joined Cheddar’s Opening Bell to discuss.
Catching you up on what you need to know on April 27, 2022, with Tesla stocks absorbing an initial hit following Elon Musk's purchase of Twitter, Russia pausing its natural gas supplies to Poland and Bulgaria, NASA's SpaceX Crew-4 mission taking off, and more.
General Motors reported a Q1 net income of $2.9 billion and a raise in their full-year guidance. This comes as the auto giant steps up production of its electric vehicles amid production headwinds. Paul Jacobson joined Cheddar News to talk about the earnings report and its ongoing electric vehicle strategy. "One of the things I'm most proud of is the fact that we're continuing to lean in and accelerate on our electric vehicle journey," he said. "When you think about it, we're going to produce 400,000 vehicles over the next two years by the end of 2023, and we'll have production capabilities up and will produce more than a million vehicles in North America alone in 2025."
