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.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
