Legal marijuana could soon be a bigger market than fizzy drinks

Expanding access to cannabis is also expected to hit alcohol sales
Cannabis could soon become a bigger industry than fizzy drinks and it has already started putting pressure on alcohol sales.
If marijuana is made legal nationwide in the US by 2030, the legal weed industry could generate $75bn (£53bn) in sales by that year, according to a new note from the investment bank Cowen.
Cowen’s cannabis sector analyst, Vivien Azer, revised her previous estimate up by $25bn (£17.6bn). Legal marijuana sales are already around $50bn, Ms Azer said in the note.
Read more Legalising cannabis could help solve US opioid crisis, studies suggest Rise in cannabis strength may not affect schizophrenia, study suggests Israel moves towards decriminalising marijuana use UK world’s largest producer of legal Cannabis, finds UN body Government refuses medical cannabis to six-year-old epileptic boy Fizzy drink consumption, on the other hand, is declining. Per capita consumption fell to a 31-year low in th..

Shop Direct puts 2,000 UK jobs at risk with closure of three warehouses

Online retailer which owns Very and Littlewoods will open new automated site in East Midlands in 2021
Littlewoods owner Shop Direct is closing three of its warehouses in Greater Manchester, putting close to 2,000 jobs at risk.
The online retailer, which also owns Very.co.uk, said it will close sites in Shaw, Little Hulton and Raven from mid-2020 onwards and open up an automated warehouse in the East Midlands where around 500 new jobs will be created.
Shop Direct predicts it will also employ an additional 200 and 300 agency workers at the site during peak times.
Read more Bargain Booze owner set to go into administration risking 2,500 jobs The closures put 1,177 Shop Direct employees and 815 agency workers in doubt, with the company confirming that redundancies are likely. Industry experts said it was unlikely that many existing staff would be given new jobs.
Shop Direct will begin work on the new site in May, with the opening set to take place in 2021. The company, which is ow..

Mark Zuckerberg’s Own Data Disclosed After Senate Hearing: His Notes

Mark Zuckerberg’s Own Data Disclosed After Senate Hearing: His Notes Photo Andrew Harnik photographed Mark Zuckerberg’s notes on Tuesday, when the Facebook chief testified on Capitol Hill. Credit Andrew Harnik/Associated Press A photographer captured two pages of Mark Zuckerberg’s notes for his appearance at a Senate hearing on Tuesday. Once highlighted on Twitter, the image was retweeted thousands of times.
To many commenters, the paradox was clear. On a day Mr. Zuckerberg, the chief executive of Facebook, faced lawmakers’ questions about whether his company adequately protected users’ data, he experienced a disclosure of his own.
The talking points gave a detailed view of Facebook’s extensive preparations for the appearance before Congress of its billionaire founder. While some of the notes matched what he said on Tuesday, others reminded him what not to say or anticipated questions that were not raised. Mr. Zuckerberg will appear Wednesday for another day of testimony.
One section o..

British Banks Will Have to Cut Ties to Sanctioned Oligarchs, U.S. Says

British Banks Will Have to Cut Ties to Sanctioned Oligarchs, U.S. Says Photo London has for decades served as a haven for Russia’s wealthiest families. Russian investors own swaths of high-end real estate there. Credit Andrew Testa for The New York Times LONDON — The United States on Tuesday ratcheted up its efforts to block Kremlin-linked industrialists from doing business in the West, warning that British banks will have to sever their relationships with the tycoons if they want continued access to American financial institutions.
Sigal P. Mandelker, a top American Treasury official in London to meet with her counterparts, said British banks could face “consequences” if they continued to carry out significant transactions on behalf of the 24 influential Russians sanctioned by Washington on Friday. The list includes the industrialists Oleg Deripaska and Viktor Vekselberg, along with Kirill Shamalov, who American officials have identified as President Vladimir V. Putin’s son-in-law.
“T..