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.

Share:
More In Business
Sex is a big market for the AI industry. ChatGPT won’t be the first to try to profit from it
OpenAI has announced that ChatGPT will soon engage in "erotica for verified adults." CEO Sam Altman says the company aims to allow more user freedom for adults while setting limits for teens. OpenAI isn't the first to explore sexualized AI, but previous attempts have faced legal and societal challenges. Altman believes OpenAI isn't the "moral police" and wants to differentiate content similar to how Hollywood differentiates R-rated movies. This move could help OpenAI, which is losing money, turn a profit. However, experts express concerns about the impact on real-world relationships and the potential for misuse.
Load More