Recreational marijuana is now legal in California. On January 1st the law went into effect with over 90 dispensaries licensed to sell weed. Greg Zeman, Associate Editor at Cannabis Now, joins Cheddar to discuss the milestone and what's next for the industry.
Zeman breaks down what is believed to be the very first purchase of the now-legal substance in California. The cannabis market is expected to generate at least $1 billion a year in tax revenue for the golden state. He talks about how the state will allocate the money in terms of cannabis education, safety, and boosting other areas of the community such as fire departments.
Plus, how will this impact the medical marijuana industry. Zeman predicts that market will still exist. Many cities in California still don't have a recreational license, so people will still need to rely on their medical marijuana cards to purchase the drug.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Jeff Benedict, author of 'The Dynasty,' weighs in on the Kansas City Chiefs being the next big dynasty, who he thinks will win Super Bowl LIX and more. Watch!
Susan Bourgeois, Louisiana Economic Development Secretary, talks preparations for Super Bowl LIX, plus Meta’s $10B data center coming soon to North Louisiana.
