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.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
