Recreational marijuana is officially legal in California. This makes it the sixth state to go green after Washington, Oregon, Alaska, Nevada, and Colorado. Governor John Hickenlooper (D-CO) shares his lessons from the legalization and regulation of marijuana in his state for California.
Hickenlooper told Cheddar's Baker Machado and Brad Smith one of the biggest lessons he learned was the need to regulate edibles to ensure they are properly packaged to keep marijuana away from children. "California is obviously going to be the biggest player in the legalized recreational marijuana industry. But that shouldn't impact those of us that came first," said Hickenlooper. "They've been very attentive in trying to learn from our mistakes."
More than $200 million dollars in tax revenue will be generated from legal marijuana sales in Colorado in 2017. Hickenlooper says he is using this revenue in his state to address the unintended consequences of marijuana.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
