close video Actor Cheech Marin launches cannabis company: ‘It will always be good’
Actor and comedian Cheech Marin shares why he launched his own cannabis company with longtime friend Tommy Chong and curated an exhibit of Chicano art on ‘Kennedy.’
U.S. residents are spending more money to purchase legal cannabis than they are on chocolate, craft beer and topical pain relief.
A report from MJBizDaily showed Americans spent roughly $30 billion on legal marijuana in 2022 while only spending around $20 billion on chocolate.
The cannabis purchases eclipsed sales of "feel-good" products, including beer, opioid medications and topical pain relief, the report stated.
Though the legal purchase of marijuana is becoming increasingly popular, sales still fell behind the tobacco industry, which made around $53 billion last year despite a steady decline.
LEGAL MARIJUANA GROWERS ALONG THE WEST COAST STRUGGLE WITH OVERSUPPLY, SEEK INTERSTATE SALES
U.S. residents are spending more money to purchase legal cannabis than they are spending on chocolate. (Getty)
According to the report, sales of legal cannabis could reach $57 billion by 2028.
The figures come more than a decade after voters in Colorado and Washington approved ballot measures during the 2012 election to become the first U.S. states to legalize marijuana.
NEW YORK CITY CRACKING DOWN ON ILLEGAL WEED SHOPS
Roughly $30 billion was spent on legal marijuana in the U.S. in 2022 compared to $20 billion spent on chocolate. (Getty / Getty Images)
Marijuana is fully legalized in more than 20 states plus Washington, D.C., and 18 states allow it for medical use. It remains illegal in 12 states.
Even with increased legalization across the country, illegal marijuana sales remain far more common than legal ones, with Whitney Economics estimating that three-quarters of such sales in the U.S. still occur on the black market.
Purchases of legal cannabis still fall behind tobacco product sales, which totaled about $53 billion last year. (AP Photo/Sakchai Lalit / AP Newsroom)
Strict federal rules for marijuana also force difficult business practices for legal dispensaries, as they are barred from working with banks and credit card companies to facilitate transactions and instead must be all-cash businesses.
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There is a bipartisan effort on Capitol Hill to legalize recreational marijuana at the federal level.
A location in Western Australia that used to be named as the oldest meteorite impact crater on Earth is now actually a lot younger than that, scientists announced today in Science Advances. The structure — previously dated to 3.5 billion years ago and located within Western Australia’s North Pole Dome region of the Pilbara — was believed to be older than any of Earth’s known impact craters. Today, new research published in the journal Geochemistry found that what we now call the Miralga impact structure is, in fact, much younger, at 2.7 billion years old, and considerably smaller in diameter. This recasts earlier ideas on the early Earth’s geological activity and questions previous theories regarding impact-driven crust formation or perhaps even early life.
Miralga Crater Loses Oldest Impact Title but Gains New Scientific Relevance
As per The Conversation article republished by Space.com, the teams that explored the crater could only point to one thing that was likely — it had been formed by an impact. However, they ultimately disagreed as to whether this event had been and how large it was. Younger rocks contain shatter cones, indicating Earth’s early continental geology shielded the impact to a specific 2.7 billion-400 million-year period despite earlier assertions.
They made the determination to honour the cultural revision of one site from 100 km across to a more manageable 16 km wide crater named Miralga. It’s the site – still affected by seawater – of events too recent to influence the Earth’s crust.
The Miralga basalt feature (unique to basalt) is a rare site for an instrument to practice on before heading to Mars, while advancing our understanding of impacts and early life prospects.
Isotopic dating to clarify the crucial part played by this, the oldest crater on Earth and unique in a geological sense, in planetary science and early Earth history is presently ongoing at Miralga.
While larger solar generator setups can help through many situations, more and more people are finding convenience in owning smaller backup power solutions, especially here in NYC, with many folks having limited space to keep them. That’s where units like Bluetti’s Elite 30 V2 Portable Power Station come in, which offers a 288Wh LiFePO4 capacity to cover personal device charging with 600W of steady output that can ramp as high as 1,500W.
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Bluetti’s Elite 30 V2 power station has nine different port options to cover all the bases: two AC outlets, two USB-C ports, two USB-A ports, two DC ports, and a car port. It even beats out many counterparts/competitors of the same size range with five ways to recharge its battery: via a standard outlet, utilizing up to a max 200W solar input, using both an outlet and solar panels together, connecting a generator, or using your car’s auxiliary port.
Segway’s Ninebot F3 smart eKickScooter with Apple Find My + proximity locking gets first post-tariff cut to $750
Segway is offering a special promotional discount through August 17 on its new Ninebot F3 Electric KickScooter at $749.99 shipped, after using the code F3AUG100OFF at checkout, which beats out Amazon’s pricing by $50.This model launched back in April carrying a $850 original price tag (which Amazon still keeps it listed for) and has since hiked up to a $1,000 MSRP direct from the brand after May’s tariff hikes. The two pre-tariff discounts we saw took the costs down to $700 and $600 back in April, and while it may not be falling that low any anytime soon again, you’re still looking at a solid $100 savings from its starting rate for the third-lowest price we have tracked.
NIU drops the KQi 300X all-terrain e-scooter with a 37-mile range and regen brakes to $750 in latest sale
NIU has launched its Fan-tastic Day Sale through August 17 that is taking up to 42% off its KQi e-scooter lineup. Some of the brand’s models are still out of stock from last month, but among those still available, we spotted the KQi 300X All-Terrain Suspension Electric Scooter at $749.99 shipped, while also matching in price at Amazon. While it carries a $1,299 MSRP normally, at Amazon we’ve been seeing it mostly staying between $1,049 and $1,198, with discounts having been slowly ramping up over the course of the year. You’re looking at the best price of 2025, which saves you $549 off the MSRP and has only been beaten out by the $731 low we last saw pop up in October 2024.
Add commercial-grade power to your arsenal with Greenworks’ 82V 20-inch cordless chainsaw at a new $430 low
Amazon is now offering the Greenworks Commercial 82V 20-inch Cordless Chainsaw for $429.99 shipped. While it carries a $600 MSRP tag directly from the brand, where it’s currently priced at, we’ve seen it keep lower to $500 at Amazon. It’s been on the market for six months now, with the discounts we’ve spotted only taken the costs down to $450 until today. Now, with the 20% markdown here, you’ll save $70 while equipping your arsenal with commercial-grade power.
Keep uniform lines around yard and gardens with Worx’s 12A 7.5-inch edger/trencher at $90 (Today only)
As part of its Deals of the Day, Best Buy is offering the Worx 12A 7.5-inch Edger/Trencher for $89.99 shipped, with this model being out of stock on Amazon and sitting at a higher $140 MSRP directly from Worx’s website. It normally fetches $130 at full price here, with discounts mostly keeping the costs between $110 and $100 during 2025, though we have seen it go as low as $75 during Prime Day. You’re looking at the fourth-lowest overall price that we have tracked and the third-lowest of the year, with the deal today saving you $40 off the going rate for the rest of the day only.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.