Stormy Simon was the President of Overstock.com before she left the position in 2016 to start working in the cannabis industry. Simon is a huge advocate for medicinal marijuana and the state adoption of cannabis legalization.
Simon says that she sees a lot of similarities between the start of the e-commerce industry and the start of the legal cannabis industry. Simon was ready for a new challenge and wanted to champion an industry that she believes will revolutionize healthcare.
Simon does say that the federal government could have a large hand in the future of cannabis. However, the country-wide adoption seems inevitable to her at this point.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
