Marijuana legislation in Canada is going to take a little longer than expected. The nation's health minister says the law will go in effect closer to August. Alan Brochstein, Founder of New Cannabis Ventures and 420 Invest, explains the market opportunity he sees in this emerging market.
"I think its actually a positive because right now there's not a lot of inventory out there," said Brochstein. "If we want this to be a really good transition these companies need to be built up."
This week a major Canadian insurance company announced plans to add medical marijuana coverage. Sun Life Financial will cover this type of treatment in group plans starting in March.
"The world is their oyster right now," says Brochstein about the market opportunity for Cannabis in Canada. "I wish we'd (United States) would move toward Canada, but slow progress is better than no progress."
Phoebe Gates and Sophia Kianni introduce Phia, a fashion tech startup that helps users find price comparisons and discover alternative options for apparel
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Microsoft says users of its Azure cloud portal may be not be able to access Office 365, Minecraft or other services due to issues with its global content delivery network services. The tech company posted a note to its Azure status page that its teams are currently deploying a fix to address the outage.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
A new poll finds that as the United States rapidly builds massive data centers for the development of artificial intelligence, many Americans are concerned about the environmental impact.
