wWhy Crypto and Cannabis Are the Perfect Post-Crisis Bubbles

On What’d You Miss this Week, Scarlet Fu, Joe Weisenthal, Caroline Hyde, and Romaine Bostick spoke with Cronos Chairman and, CEO Michael Gorenstein, about his company’s plan to stand out in an increasingly crowded field for marijuana. Gorenstein, whose company spans five continents, is focusing on branding their products, including a new line of marijuana called "Spinach." "It’s about recreation and having a good time with friends. We thought ’Spinach’ was a great and humorous way to do that," Gorenstein said.

The U.N. General Assembly kicked off this week in New York. The headline of last year’s meeting of world leaders was North Korea. This year, President Trump tried out a good cop, bad cop routine with Iran. The President started off Tuesday morning with a tweet complimenting Hassan Rouhani was "an absolutely lovely man" and left the door open to meeting with the Iranian president in the future. His speech the UN General Assembly struck a different note. President Trump criticized Iranian leaders for "spreading mayhem" and called on the rest of the world to isolate the country. Barbara Slavin, Director of the Future of Iran Initiative at the Atlantic Council came on to discuss the rivalry between the U.S. and Iran and whether Rouhani was actually interested in meeting with President Trump.

After the 2008 crash, investors embraced the gospel of boring. Index. Rebalance. Diversify. Rebalance again. But two recent trades -- bitcoin and pot stocks -- both represented rebellion from that conventional wisdom. Joe Weisenthal wrote about the phenomenon for the latest issue of Businessweek. Joe interviewed Peter Atwater, President of Financial Insyghts, whom he spoke to for the article, about what this says about the mood of the market and why the public has embraced marijuana legalization.

Running time 18:56

Play Episode
Before it's here, it's on the Bloomberg Terminal. LEARN MORE