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Banks Project $2.4B In Revenue from Cannabis Loans by 2035

BLUNT Newsletter #051 - Wednesday, October 16

Rolling out the news you want

Welcome to the BLUNT Newsletter, your direct access to pop culture that is short and to the point.

CANNABIS

New York’s Office of Cannabis Management opens a $5M grant application to support community reinvestment, prioritizing historically underserved areas.

Vice President Kamala Harris blamed federal bureaucracy, particularly at the DEA, for the delays in marijuana rescheduling efforts during a recent interview.

Banks could generate over $2.4 billion in revenue from marijuana industry loan interest by 2035, driven by sector growth.​

US NEWS

The Biden administration warned Israel it has 30 days to increase humanitarian aid to Gaza or risk losing access to U.S. military aid. The ultimatum follows concerns over interruptions in aid deliveries amid the ongoing Israel-Hamas conflict.​

Alex Murdaugh settles the wrongful death lawsuit tied to the 2019 boat crash involving his now-deceased son, Paul Murdaugh.​

Federal aid efforts in North Carolina, disrupted by reported threats, resumed following the arrest of an armed man allegedly involved.​

WORLD NEWS

India and Canada have expelled each other’s top diplomats over tensions related to the killing of Sikh separatist leader Hardeep Singh Nijjar.

At least 94 people were killed in northern Nigeria after a crashed tanker exploded near locals gathering to retrieve fuel.

Two giant pandas, Bao Li and Qing Bao, are heading to Washington’s National Zoo, renewing China-US panda diplomacy.

SPORTS

The New York Jets traded for WR Davante Adams from the Raiders, while Buffalo acquired WR Amari Cooper from Cleveland.​

The Minnesota Lynx host the New York Liberty tonight at 8 PM ET for Game 3 of the WNBA Finals.

The MLB NL Championship Series continues tonight at 8 PM ET, Dodgers vs. Mets, with the series tied 1-1.​

Thomas Tuchel was named the new England men’s football team manager, taking over after Gareth Southgate’s resignation post-Euro 2024.

Kylian Mbappé’s representative denies Swedish media reports alleging rape, calling them “false and irresponsible.” Mbappé plans legal action.

The Super Bowl will air on Fox Deportes and Telemundo, marking the broadest Spanish-language distribution for the event in history.

POP CULTURE

Taylor Swift will release her first book, commemorating the Eras Tour, exclusively at Target next month, coinciding with Black Friday.

Sean “Diddy” Combs has requested that the judge disclose the identities of his accusers in his upcoming sex-trafficking trial.

Jamie Foxx emotionally reflected on his health scare during his first show since the incident, tearing up during performances.

BUSINESS

US stock markets closed lower (S&P 500 -0.8%, Dow -0.8%, Nasdaq -1.0%), driven by a semiconductor sell-off. ASML shares plunged 16% after cutting its 2025 sales forecast.

Boeing plans to raise $25B through stock and debt offerings over three years amid production setbacks and rising debt.​

The New York Times issued a cease and desist to Perplexity over unauthorized use of its content to train AI models.

Researchers have created tests to assess future AI agents’ risks, including their potential to modify and enhance their code after deployment.

Quote of the Day:

“Life is the art of drawing without an eraser.”

- John W. Gardner

That's all for now! We hope you enjoyed this edition of the BLUNT Newsletter. Have a fantastic rest of your day!