Posts Tagged: banking

News

Cannabis revenue coming up short

A flowering marijuana plant in a California destined to be used for medicinal purposes in California. (Photo: PRO Stock Professional

The California cannabis conundrum: A lot more weed, a lot less money. Since Proposition 64 took effect earlier this year, the cannabis industry has raked in nearly $135 million of revenue for the state through sales taxes, not including local jurisdiction taxes. Even with increased sales each quarter, some officials are calling the revenue “substantially below projections.”

Opinion

Smart cities will move right along with 5G

An illustration of the urban connectivity of a 5G-based wireless system. (Image: Supparsom, via Shutterstock)

OPINION: Smart cities will soon take a major leap forward — thanks to a groundbreaking technology, 5G, or the 5th generation wireless network. 5G is anticipated to be 100 times faster than the current 4G network, which many of our devices utilize today, and 5G will dramatically reduce the time it takes to share information.

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