Why California Weed Growers Have a Hard Time With Licensing
It's been almost two months since recreational marijuana became legal in California, but less than 1 percent of growers have the appropriate licenses. Adam Spiker, executive director at Southern California Coalition, breaks down the process and explains the system's intricacies.
For full interview, [click here](https://cheddar.com/videos/adam-spiker-talks-cannabis-regulations-in-california).
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
