Why Weed Stocks Are So High & Betting at Dave & Busters?
May 1, 2024
28:03
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Discussing the potential reclassification of Marijuana and its impact on cannabis companies, the introduction of social gambling at Dave & Busters, tax regulations affecting the cannabis market dynamics, and stories about tech products in progress and pricing glitches.
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Quick takeaways
US government may reclassify Marijuana to lower-risk drug, impacting cannabis industry.
DEA Recommends Reclassifying Cannabis to Less Dangerous Drug
The DEA is proposing to reclassify cannabis as a less dangerous drug, potentially moving it from a schedule one to a schedule three substance. This significant shift in federal drug policy could impact the taxation and profitability of cannabis companies, as reclassification would enable these companies to access tax deductions currently unavailable to schedule one drugs.
Walmart Launches New Store Brand 'Better Goods' for Youth
Walmart introduces 'Better Goods', a new in-house brand aimed at appealing to younger consumers. The brand offers a range of products, from pistachio nut butter to oat milk ice cream, at affordable prices without compromising quality. Walmart's strategic move aligns with current consumer trends towards affordable and experimental food products, catering to customers seeking high-quality goods at lower costs.
Marquez Brownlee Disrupts Tech Industry Discourse with Product Reviews
Marquez Brownlee, a leading tech reviewer, sparks debate by critiquing AI-powered gadgets like the 'Humane AI Pin' and 'Rabbit R1' for releasing unfinished products at full price. This trend of companies offering minimally functional products to gather user data for future improvements faces criticism for compromising customer expectations and trust. Brownlee's reviews shed light on the disconnect between customers seeking finalized products and tech companies pushing unfinished innovations.
Customer Capitalizes on Cartier Pricing Error to Secure Discounted Earrings
A Mexican surgery resident seizes an opportunity when Cartier mistakenly prices 18kt rose gold diamond earrings at $13 instead of $13,000. Despite Cartier's attempts to cancel the order, the consumer's persistence led to the receipt of the discounted earrings. The incident highlights the intersection of consumer protection laws, moral dilemmas, and the power dynamics between luxury brands and individual customers.
Episode 313: Neal and Toby talk about the US government’s move to reclassify Marijuana as a lower-risk drug and what it means for the cannabis industry. Then, the UnitedHealth hack has opened up fresh scrutiny on whether the big health insurer should be broken up. Also, Walmart wants to lure a new type of customer with their premium private label brand. Next, Dave & Buster’s will allow customers to bet against each other while playing games. Meanwhile, another AI wearable device gets the attention of MKBHD. Lastly, a man in Mexico scores $13,000 Cartier earrings for $13.