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.
Cann, a cannabis-infused beverage company, announced today a $27 million Series A funding round from existing investors like Imaginary Ventures and a roster of new celebrity investors including Nina Dobrev, Adam Devine, Zoey Deutch, Jordan Cooper, Sara Foster, and Rosario Dawson. Cann is also announcing its first international expansion with the brand's launch in Canada. Jake Bullock, co-founder and CEO of Cann, joins Cheddar News' Closing Bell to discuss.
Soul Machines is a company that creates autonomously animated digital people in the metaverse and the digital worlds of today. The startup based in New Zealand recently raised the equivalent of $70 million USD, in a funding round led by Softbank's Vision Fund 2. Soul Machines says it helps to bring digital workforces to life for some of the biggest brands in the world, and creates digital twins of celebrities to reimagine the future of digital entertainment. Greg Cross, co-founder and CBO of Soul Machines, joins Cheddar News' Closing Bell to discuss.
By 2050, nuclear power share of total energy consumption will dip to just 3.7% down from the already measly 4.5% it is today, according to the U. S. Energy Information Administration. However, a group of world powers including the U.S. and Japan is looking to reverse the trend. John Kotek, SVP of Policy Development and Public Affairs at the Nuclear Energy Institute, joined Cheddar News to discuss.
A new startup says they are about to take A.I.-generated voices up a notch by giving the tool the ability to feel much more real. Zeena Qureshi, CEO of Sonantic, joined Cheddar News to discuss further.
The end of 3G is upon us. On Tuesday, AT&T became the first major provider to disable its 3G services, and T-Mobile and Verizon plan to follow suit later this year. The shutdowns are expected to impact millions of vehicles that use 3G networks for updates, remote connection, and certain emergency and convenience features. Lance Ulanoff, the U.S. Editor-in-Chief of TechRadar, joined Cheddar's Closing Bell to discuss the ramifications of the changeover.
February is usually a key time of year for the toy industry, with thousands of toys making their debut at the New York Toy Fair. Although this year's event was canceled due to the ongoing pandemic, toy makers are still pumped up to unveil their newest gizmos and gadgets. Maddie Michalik, senior editor of The Toy Insider, joins Cheddar News to break down all things toy related.
Smart data capture company Scandit recently announced a $150 million Series D funding round led by Warburg Pincus, propelling the company to unicorn status with a valuation of more than $1 billion. Scandit develops augmented reality and mobile computer vision technologies that tap into the cameras on smart devices. The startup's platform can be used to interact with retail items and have a more personalized experience while shopping. Scandit says its technology is also being used by industries like transportation, healthcare, and manufacturing. Samuel Mueller, co-founder and CEO of Scandit, joins Cheddar News' Closing Bell to discuss.
A new report shows nearly 240 former officials in Congress, the White House, and regulatory agencies have changed careers to work in the crypto industry.
