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    Ticker: Jesse Ventura ventures into the marijuana business; Amazon invests heavily in AI boom

    By Tyrone JonesMarch 28, 2024 Business 2 Mins Read
    FILE - Former Minnesota Gov. Jesse Ventura talks to reporters outside the federal building in St. Paul, Minn., on Oct. 20, 2015. Ventura has announced he is entering the cannabis market as a seller, as the state still figures out retail sales of the drug on the heels of legalizing marijuana for adults last year. (Elizabeth Flores /Star Tribune via AP, File)
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    Jesse Ventura, the former Governor of Minnesota, has revealed that he is getting into the cannabis industry as a seller. This comes as the state is still working out how to sell the drug after legalizing it for adults last year.

    Ventura is introducing his own line of cannabis-infused food products in collaboration with Retro Bakery, a company based in the suburbs of Minneapolis. They are making edibles containing THC derived from hemp under the brand Jesse Ventura Farms, as reported by Minnesota Public Radio.

    In a video with rock music playing in the background, Ventura expressed, “Ventura Farms is my venture into the world of cannabis.”

    Amazon invests heavily in AI boom

    Amazon.com Inc. is planning to allocate nearly $150 billion over the next 15 years for data centers. This investment aims to equip the cloud-computing behemoth to handle the anticipated surge in demand for artificial intelligence applications and other digital services.

    This spending spree is a demonstration of strength as the company seeks to maintain its dominance in the cloud services market, where it currently holds around twice the market share of its closest competitor, Microsoft Corp.

    While sales growth at Amazon Web Services slowed to a historic low last year due to business customers cutting expenses and postponing modernization projects, spending is now beginning to rebound. Amazon is eager to secure space and power for its energy-intensive facilities.

    Kevin Miller, a vice president at AWS who oversees the company’s data centers, commented, “We’re significantly expanding our capacity, which I believe gives us the opportunity to be closer to our customers.”

    Amazon Artificial Intelligence Cannabis Recreational Marijuana Ticker
    Tyrone Jones

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