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.
Cetera Holdings CEO Mike Durbin sits down with Cheddar to discuss the important of financial planning, investment strategy and the state of today's market.
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The incoming Fed decision will likely be good news for consumers with high-yield saving options, but bad news for borrowers (like anyone with high credit debt).
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Inflation is still high, and economic activity is starting to slow down. But before you start to panic about stagflation, wait to see this week’s jobs report.