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Cannabis banking reform secures landmark US Senate panel hearing

Cannabis banking reform secures landmark US Senate panel hearing

A key U.S. Senate panel will meet next week to consider steps that could make it easier for marijuana companies to obtain banking services, a move that could pave the way for crucial MJ reform. The July 23 Senate Banking Committee hearing – which took industry officials by surprise – includes Sens. Jeff Merkley, an Oregon Democrat, and Cory Gardner, a Republican from Colorado. Both are backing the Secure and Fair Enforcement (SAFE) Banking Act. That bill would enable financial institutions to serve state-authorized marijuana businesses without fear of federal punishment. Lawmakers have become interested in the issue in part because of public-safety concerns of the largely cash-only cannabis industry.
Apple Plans to Bankroll Original Podcasts to Fend Off Rivals

Apple Plans to Bankroll Original Podcasts to Fend Off Rivals

Apple Inc. plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay. Executives at the company have reached out to media companies and their representatives to discuss buying exclusive rights to podcasts, according to the people, who asked not to be identified because the conversations are preliminary. Apple has yet to outline a clear strategy, but has said it plans to pursue the kind of deals it didn’t make before.
FDA Says It Is Speeding Up The CBD Regulation Process

FDA Says It Is Speeding Up The CBD Regulation Process

The Food and Drug Administration (FDA) said on Friday that it was “expediting” its efforts to develop rules for CBD and plans to issue a report on the department’s progress by early fall. FDA Acting Chief Information Officer Amy Abernethy tweeted that “FDA is expediting its work to address the many questions about cannabidiol (CBD),” describing it as “an important national issue with public health impact, & an important topic for American hemp farmers and many other stakeholders.” “We are enthusiastic about research into the therapeutic benefits of CBD products but also need to balance safety,” she said. “To understand the breadth of issues and gather data on safety we have conducted a public hearing, reviewed the medical literature, and have an open public docket.”
Zillow sues Kentucky over access to real estate records

Zillow sues Kentucky over access to real estate records

LOUISVILLE, Ky. (WDRB) – Zillow, the Seattle-based real estate data company, is suing Kentucky and six locally elected Property Valuation Administrators over access to public information about real estate. The six county PVAs named in the lawsuit want to charge Zillow up to $39,079 apiece for copies of their tax rolls listing information about every real estate parcel in the county, such as its owner, sales price history and tax value, according to the lawsuit. Zillow, an advertising business, taps property tax records and other sources to provide free information on its website about residential real estate, such as its “Zestimate,” or estimate of a home’s market value.
Arm’s new licensing option lets its partners experiment and test for free before they pay

Arm’s new licensing option lets its partners experiment and test for free before they pay

Arm today launched Flexible Access, a new licensing scheme in addition to its existing model that will make it easier for startups to gain access to a wide range of Arm’s intellectual property (IP) without any upfront licensing costs. Intellectual property licensing schemes for chips may not strike you as the most exciting thing. But as the number of companies building their own silicon increases, often for very specialized use cases, having access to the IP from companies like Arm is something more companies than ever are looking to have. Until now, the only way to get access to Arm’s IP was to select upfront the products you wanted to license. That works for large companies that know exactly what they want, but for smaller companies, that’s a bit of a barrier, given that they are likely still trying to figure out what exactly they need.
Zillow Offers expands to Portland, its first Pacific Northwest market for direct home sales

Zillow Offers expands to Portland, its first Pacific Northwest market for direct home sales

Zillow Group is set to start buying houses in the Pacific Northwest for the first time. Zillow Offers, the service that lets customers request cash offers for their homes directly from Zillow on its website, kicks off Monday in Portland and Vancouver, Wash. As Zillow has made instant offers the centerpiece of the business, it has expanded to 12 markets across the country, with plans to grow even further. “Sellers across the country have shown that they are looking for an easier, less stressful way to sell their home,” Zillow Brand President Jeremy Wacksman said in a statement. “We’re excited to launch our first market in the Pacific Northwest today, giving potential home sellers in Portland and Vancouver the certainty and transparency they want when selling their home. Zillow Offers provides a seamless transaction experience, helping sellers move on to the next step in their life.”
John McAfee Doubles Down on $1M 2020 Price Prediction for Bitcoin

John McAfee Doubles Down on $1M 2020 Price Prediction for Bitcoin

American entrepreneur and vocal crypto advocate John McAfee has doubled down on his $1 million by 2020 prediction for Bitcoin (BTC). Taking stock of community sentiment in light of Bitcoin’s recent price fluctuations, McAfee wrote on July 15 that he was “laughing his f------ ass off” at the seemingly overblown negativity: “Bitcoin is at the mid 10's and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It's rising drastically. I'm still positive about my $1 mil BTC price by the end of 2020. Alt coins like MTC and Apollo will rise ten times more.”
Apple preaches privacy. Lawmakers want the talk to turn to action.

Apple preaches privacy. Lawmakers want the talk to turn to action.

When Apple CEO Tim Cook privately hosted six Democratic lawmakers at the company’s space-age headquarters this spring, he opened the conversation with a plea — for Congress to finally draft privacy legislation after years of federal inaction. “It was the first issue he brought up,” said Rep. Suzan DelBene (Wash.), one of the lawmakers who made the trip to Cupertino, Calif. The Apple chief “really talked about the need for privacy across the board,” said DelBene, a former Microsoft executive. But when DelBene discussed her own privacy bill, which would require companies to obtain consent before using consumers’ most sensitive information in unexpected ways, Cook didn’t specifically endorse it, she said.
The Masses Are Drawn Toward Funds Chasing Real Estate Tax Breaks

The Masses Are Drawn Toward Funds Chasing Real Estate Tax Breaks

The wealthy masses are starting to bet their money on a new U.S. tax break after more than a year of indecision. The latest data point: Bridge Investment Group announced Tuesday it has $509 million that it is deploying in projects in opportunity zones. The money was gathered from about 500 investors, according to a person with knowledge of the matter, who asked not to be identified discussing the private fundraising. The minimum investment was $250,000, but average check size was closer to $1 million, the person said. The new fund shows that 18 months after Republicans pushed through a tax overhaul with generous incentives to invest in low-income communities, money managers are indeed having some success enticing large numbers of clients to pool cash for qualifying projects.
What it’s like to play virtual-reality tennis at Wimbledon

What it’s like to play virtual-reality tennis at Wimbledon

At 29 years old, I’m almost twice the tennis phenom’s age with, generously, one-gazillionth of her skill. That gap became abundantly clear when I tried my forehand at virtual-reality tennis at Wimbledon. It was a not-so-grand slam. The fun game, called Champion’s Rally, is located in the free American Express Fan Experience area and uses an Oculus-like headset that allows you to see 360 degrees of Centre Court, the most famous tennis venue in the world. Glancing around, from t
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