On Tuesday, voters in Oklahoma overwhelmingly approved a ballot measure to become the 30th state to legalize medical marijuana.
The proposal will allow physicians to prescribe cannabis for any medical condition, making it one of the more liberal state medical marijuana laws thus far.
But what’s particularly noteworthy here is the measure passed, 57% to 43%, without significant support from drug policy reform groups, and in the face of a concerted oppositional ad campaign from law enforcement and Gov. Mary Fallin, Forbes said.
Now, the state government will use the next 30 days forming its own regulations and setting up a marketplace for future sales.
My wife and I have taken on a new Friday night ritual.
And it just so happens to involve what promises to be a very lucrative trend for savvy tech investors.
Let me explain.
My wife and I have pretty demanding jobs, and we just don’t have the energy to cook on Friday nights. So, for years, we’d usually order pizza to be delivered, occasionally switching things up with Chinese.
But a few months back, our mobile-centric daughters started talking up the joys of online ordering for food delivery. We decided to give it a try, and now we’re hooked. One of the things we like most about this type of service is it gives us the ability to order from dozens of local restaurants.
And that’s playing out in homes all over America as online and mobile orders shakeup the U.S. restaurant industry – one currently valued at roughly $800 billion.
So, even a small portion of that massive market spells big profits for a firm that has the right kind of tech to hook hungry buyers as repeat clients.
With that in mind, today I’m going to show you a firm that is doing just that.
And I’ll show you why its stock is set to double in less than two-and-a-half years.
Today, the U.S. Food and Drug Administration (FDA) smashed the glass ceiling when it comes to cannabis.
The agency has approved the first cannabis-based drug in its history…
It comes in the wake of Canada’s full legalization of marijuana last week, and with 16 U.S. states deciding on legalization measures this year.
TheFDAapproved the United Kingdom’s GW Pharmaceuticals’(Nasdaq ADR: GWPH)cannabidiol (CBD) epilepsy drug, Epidiolex. That gives patients two years and older with the rare forms of difficult to treat, childhood onset epilepsy known as Dravet Syndrome and Lennox-Gastaut Syndrome the ability to use the drug.
Epidiolex is an oral solution derived from CBD and contains less than 0.1% THC, the psychoactive ingredient in marijuana that gets people high.
“This approval serves as a reminder that advancing sound development programs that properly evaluate active ingredients contained in marijuana can lead to important medical therapies” said FDA Commissioner Scott Gottlieb.
Citigroup Inc. (NYSE: C) is looking to cut half of its 20,000 tech and operations staff and replace them with artificial intelligence, robotics, and other forms of automation.
Goldman Sachs International is looking to do something similar.
This is according to a series of interviews in theFinancial Times.
A Gallup survey of 3,000 Americans released in March shows that 73% felt that AI would kill more jobs than it creates. That tracks with a 2016 survey by the Pew Research Center in which 65% said automation that includes AI would replace “much” of the work done now by humans.
People are scared – and I understand why.
But there’s a much bigger story here – and it’s a positive one for job seekers.
It’s a positive story for technology investors, too – so you know you’ll want to pay attention to this.
The truth is, AI-led automation is not a zero-sum proposition.
So, today let’s drill beneath these alarmist headlines.
Let’s discover how AI-driven automation is actually sparking a jobs boom.
And let’s dig up a hidden way to play this field with a stock that I think will double in less than 30 months.
Even if you’ve been trading cryptocurrencies and studying blockchain technology for years, you may not have heard of DavidMarcus until just recently.
However, when the history of this still brand-new industry is written, he’s going to go down as one of the more important behind-the-scenes power brokers.
Last month, you see, Marcus was promoted at Facebook Inc. (Nasdaq: FB) to head the social networking giant’s “experimental” blockchain unit. (I’ll tell you more about Marcus’ background in a moment.)
There’s more going on here than just a nice promotion in a hot new field. Facebook’s move comes several months after Marcus joined the board of directors at Coinbase, an online exchange I’ve used more many years.
And I’m sure many of you use Coinbase as well. (If you’re not crypto trading yet, I’ll start to show you how right here.)
After, the number of Coinbase users jumped exponentially throughout 2017 – from 400,000 in January to 4.3 million in December. Just check out this chart.
Marcus joined the board in that busy December – when Bitcoin and other e-currencies were reaching their all-time highs. Not so coincidently, shortly after that, Coinbase started an acquisition spree, pulling off four so far, and began reaching out to big-money institutional investors.
To me, while from the outside Coinbase may look like a new form of company, it’s really a classic Silicon Valley startup.
It’s even based in San Francisco – for why that’s important, take a look at this recent report.
And this post-Marcus series of moves tells me Coinbase is looking to go public.
Today, I’m going to show why these moves are so important for the future of crypto trading.
It’s been over a year of legislative back and forth, but the Senate of Canada finally passed Bill C-45, known as The Cannabis Act.
The vote, taken after 9 p.m. Eastern on Thursday, was 56 in favor, 30 opposed, and 1 abstention. Here in Silicon Valley, my dinner had to wait till this was over.
But those few hunger pangs were worth it.
This vote brings Canada within a hair’s breadth of legalizing recreational cannabis for adult use throughout the country. The path to legalization is nearly complete.
Now, the House of Commons has to approve a raft of amendments – nearly 50 – that various Canadian senators added yesterday. But once that’s done, the bill will be ready for Prime Minister Justin Trudeau’s final signature.
And once that happens, Canada will be the first G-7 nation (i.e., wealthy) to fully legalize cannabis, and to have set up a regulated system for its propagation and sale.
An update to Siri… Google Maps and Waze coming to CarPlay… a new photo system in iOS 12… and the debut of “Memoji,” a feature that allows you to create your own emoji that mimics your particular facial expressions.
Those were just a few of the upgrades and new features announced yesterday at the 11th annual Apple Inc. (Nasdaq: AAPL) Worldwide Developer Conference (WWDC).
CEO Tim Cook also noted the App Store, which is now 10 years old, is the largest app market in the world, with 500 million weekly visitors. It’s brought in $100 billion for app developers.