With a new Democratic majority in the state legislature, Virginia Attorney General Mark Herring is hoping to make major reforms to the state's cannabis laws.
Herring, who is hosting a cannabis summit on December 11, told Cheddar on Tuesday he is bringing together legislators and experts in an effort to push forward his calls for reform.
"I'm really encouraged about the prospect of actually passing decriminalization in Virginia and the prospect of actually passing a plan to move to legal and regulated adult use," he said.
Herring is hopeful that by providing lawmakers a space to ask questions and address concerns with experts, as well as individuals from states that have already legalized or decriminalized marijuana use, his state can move towards passing new legislation.
Marijuana arrests in Virginia hit a 20-year high in 2018, and enforcement costs the state more than $80 million annually, Herring said.
"In Virginia, an arrest and a criminal conviction stays with you your whole life … That's not fair," he said, noting the disproportionate number of black Virginians arrested for marijuana possession.
But he says he is confident Virginia can move forward "in a historic way."
A new report from CNBC says Instagram recently reached a new milestone -- 2 billion monthly active users. It comes amid a year of controversy for the photo-sharing app and its parent company, Meta. SocialFlow CEO Jim Anderson joins Cheddar News' Closing Bell to discuss.
A report from KPMG International found that global mergers and acquisitions in 2021 reached $5.1 trillion in transactions. Carol Streicher, U.S. deal advisory and strategy service group leader for KPMG, joined Cheddar's "Closing Bell" to talk about the record-breaking year and next year's outlook, which KPMG says could be even more staggering. "We're not seeing any slow down in '22," she said, regarding survey results of 350 business leaders. "Things that were tailwinds for us in M&A activity this past year are going to continue to be tailwinds for us in 2022."
MotorTrend named the Rivian R1T as the 2022 truck of the year - a prestigious title given by the publication as a way for automakers to tout third-party validation. Rivian beat out traditional, legacy truck favorites like Ford and General Motors.
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Danvas is a new company that aims to bring NFTs and digital artwork into the real world through an interactive, museum-quality display. The company says its product is the first premium, luxury digital art canvas, which it hopes will accelerate the world's appreciation of digital artists and their work, and empower collectors to acquire more NFT art. Danvas also just announced its launch this week, with a $7 million seed round from some big-name backers. Danvas co-founder and CEO Jeanne Anderson joins Cheddar News' Closing Bell to discuss.
LaFawn Davis, SVP of ESG at Indeed, joins Cheddar Wellness to break down why empathy is so important in the workplace, how to improve empathetic skills at work, and what the future of empathy looks like in the workplace.
Actor, pastor, and now author Kel Mitchell joined Cheddar's 'Between Bells' to talk about his new book 'Blessed Mode: 90 Days to Level Up Your Faith' and what inspired him to write it. Mitchell said the book aims to help people boost their physical, mental, and spiritual wellbeing. Ordained as a pastor in 2019, he talked about his service in the church. He also talked about what it was like working with former castmates on Nickelodeon's 'All That' reboot.
VR/AR collaboration platform Spatial is diving head first into the Metaverse. The company is switching up its image--now branding itself as 'the metaverse for cultural events,' aiming to become the new virtual hub for NFT galleries, brand experiences, and large-scale conferences. Jacob Loewenstein, Head of Business, Spatial, joined Cheddar's Opening Bell to discuss the company's pivot.
e.l.f Beauty is celebrating a significant milestone in its sustainable journey. Since launching its Project Unicorn initiative in 2019, the company has eliminated more than one million pounds of packaging materials. Ashley Rosebrook, e.l.f. Beauty's chief creative officer, who spearheaded this effort and has continued to work to reduce the brand's carbon footprint, joined Cheddar to discuss this initiative and what the company aims to do next.
