Inside the Marijuana Market Opportunity in California
Recreational marijuana is now legal in California. About 90 businesses received state licenses to open on New Year's Day. Medicine Man Technologies CEO Brett Roper explains his outlook for the market opportunity in this state.
"We expect California to evolve over the next year to eighteen months," says Roper. "There are going to be challenges with new regulatory environments that are in place." The nation's state with the largest population joins a increasing list of other states where recreational marijuana is legal.
Some reports have valued the state's new pot economy to be as large as a $7 billion opportunity. "Overtime we think California's marketplace will be extraordinary," said Roper.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
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