Why National Marijuana Legalization Could Rest on California's Shoulders
The world has a new largest legal weed market in California. Cannabis Culture's Jodie Emery joins Cheddar to breakdown how the legalization rollout is going just one day into its implementation. She explains how the state is celebrating and if it's ready for the big change.
Despite all the headlines, California's streets aren't paved with green just yet. Emery explains why legal dispensaries will be slow to pop up around the Golden State. She also considers whether America's new cash crop might be taxed into oblivion.
Finally, the editor-in-chief places California in the context of the national legalization effort. She discusses just how much pressure the state finds itself under as a test case for other states. We look ahead to which other states might be next to follow in California's footsteps.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
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..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
