Cheddar's CannaBiz explores the latest trends, politics, and market opportunity in this space. Cheddar Anchor's Brad Smith, Hope King and Alyssa Julya Smith speak with legislators and start-up founders in this emerging market.
Berkeley is the first city in the nation to become a sanctuary city for cannabis. Through a city council vote in February the group unanimously voted to prohibit any city agencies to use its resources to assist in enforcing federal marijuana laws. Berkeley Mayor Jesse Arreguín explains how this legislation is impacting his city.
"The state of California is actually looking at potentially becoming a sanctuary state for cannabis," says Arreguín. "I think its important that cities and states take a strong stand for states rights."
Recreational marijuana was legalized for adult use in California this past fall. Berkeley's conservative prediction for marijuana sales tax revenue to come in at about $3 Million.
Medmen is on the forefront of cannabis cultivation and uses all the latest technology to ensure the marijuana plans are up to the highest standard. Alyssa Julya Smith visits an LA grow facility where MedMen's VP of Corporate Communications Daniel Yi explains how the process works.
Marijuana businesses have undergone quite a makeover as more states adopt laws to allow medicinal and recreational use. Support to legalize marijuana is at record highs with 64 percent of Americans in support of legalization according to a Gallup poll. Cannabrand's Founder and CEO Olivia Mannix explains how the perception of this market has evolved.
"It's really amazing to see how far the industry has come, how many businesses there are, and how much revenue the industry has generated. It's incredible," says Mannix.
Cannabrand launched back in January 2014 when adult recreational use for marijuana became legal in Denver, Colorado.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
