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 Food and Drug Administration has issued an emergency use authorization for what it says is the first device that can detect COVID-19 in breath samples.
Catching you up on what you need to know on April 15, 2022, with four of the victims from the Brooklyn subway shooting still hospitalized as the suspect is held without bail, Russia resumes attacks on Kyiv, teachers across the country receive their largest pay raises in decades, and more.
The major U.S. indexes closed Tuesday off of session lows as investors digest the latest read on inflation, showing it remains hot. Wall Street is also preparing for earnings from big banks and monitoring potential policy moves from the Federal Reserve. Peter Tuchman, a stock trader at TradeMas, joins Cheddar News' Closing Bell and highlighted tech stocks in particular. 'The tech sector, which led us to record highs before the 1st of this year, are now the ones that are leading us lower,' he said.
Billionaire Elon Musk made waves after revealing he's making an attempt at a hostile takeover of the social media platform Twitter. The Tesla CEO is offering $43 billion to buy the social media platform outright with "freedom of speech" allegedly at the forefront of his agenda. Dan Ives, managing director of equity research at Wedbush Securities, is taking the tech entrepreneur seriously. "I think through many twists and turns over the coming months, he ultimately ends up owning Twitter because Twitter's board, their back is going to be against the wall," he said.
Ann Mukherjee, the chairman and CEO of Pernod Ricard North America, joined Cheddar News to talk about Absolut Vodka’s decade-long partnership with the music festival Coachella. Perno Ricard's vodka brand has built the virtual world Absolutland in the Decentraland metaverse for users to explore. "We actually have a vending machine where you can actually purchase the cocktails that will be delivered right to your home," she said. The brand will also be featuring festival headliner Swedish House Mafia.
