Next year’s 4/20 celebrations in California will look a lot more legal. In September, former Governor Jerry Brown signed into law AB 2020, which allows event producers to obtain a license from the local Office of Cannabis to sell marijuana from licensed distributors at outdoor events. The law means that at large music festivals such as Indio’s Coachella and San Francisco’s Outside Lands, adults over the age of 21 will be able to purchase legal cannabis to smoke on-site. Other California counties could use this opportunity as a way to add revenues from events, Coachella, which hosts one of the largest music festivals in North America, grossed $114.6 million in 2017. More at the link in our bio. (📸: 2014 AFP)
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Tesla's board is about to undergo the biggest changes since the company's founding with four members to depart, including three long-time insiders. Days ahead of Tesla’s quarterly results and as it seeks to resolve a dispute with the Securities and Exchange Commission over CEO Elon Musk’s unsupervised use of Twitter, the electric-car maker said it’s shaking up its board with four directors, including three long-time insiders, to leave when their current terms expire. More at the link in our bio. (📸: 2017 Getty)
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Dani Reiss, billionaire behind the brand Canada Goose, originally wanted nothing to do with his family’s sleepy coat business, until he noticed its cult following among airline works and realized he could build a billion-dollar brand. Five years ago, Canada Goose didn’t have a single store or website of its own. Now it's a $5 billion luxury brand. Read the story of how jackets designed to withstand temperatures as low as -22 degrees Fahrenheit made the brand rise to the top at the link in our bio.
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Keep the future in mind.
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The ‘World’s Most Dangerous Bird’ attacked a Florida man after he fell in its enclosure. Cassowaries are large flightless birds that can weigh as much as 58.5 kg (130 pounds). Because cassowaries can be so dangerous, the Florida Fish and Wildlife Conservation Commission consider them to be a Class II species, like alligators. The man involved in the tragic accident did not have a permit. (📸: Paul IJsendoorn / CC BY 2.0)
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French billionaires are pledging $680 million to restore Notre Dame. Francois-Henri Pinault, chairman of Kering (the parent company of Gucci, seen here with his wife Salma Hayek), and his billionaire father, Francois Pinault, announced on Tuesday they would donate $113 million (€100 million) via their family investment company, Artemis. The Arnault family, owners of luxury goods group LVMH, also pledged $226 million (€200 million) after French President Emmanuel Macron called for donations to rebuild the French national icon. (📸: Filmmagic)
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Don't miss it.
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Luxury jeweler, Graff, has unveiled the world’s largest square cut emerald cut diamond at 302.37 carats. The D-color, high-clarity stone is a record-breaking gem that is one of 67 diamonds that the luxury jeweler created from the 1,109-carat Lesedi La Rona rough diamond, the largest gem-quality diamond discovered in more than 100 years and the second-largest in history. Read more about the 💎 at the 🔗 in our bio. (📸: Graff)
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Stratolaunch, the world's largest plane, made its first flight on Saturday. The aircraft flew for about two and a half hours over the Mojave desert, reaching a speed of 189 miles per hour and an altitude of 17,000 feet. The company, founded by the late Paul Allen, ultimately intends to launch rockets from the plane into orbit. (📸: Stratolaunch Systems Corporation)