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Legal Cannabis Retail Gets Big, Feminine And Luxurious

PYMNTS

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. But the growth of legal cannabis could lead to more changes in the makeup of industry leadership.

Retail 186
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MGM Resorts Appoints Acting Chief Executive Officer

PYMNTS

Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. Hornbuckle replaces Jim Murren, the outgoing chairman and CEO.

Las Vegas 130
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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Careem has quickly leapt to the leadership of ridesharing within the MENA [Middle East and North Africa] regions by delivering rapid innovation and customer growth, and it is spearheading new ways to transport people from point A to point B.”.

Capital 109
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Gonzo Notes from Money20/20

Gonzobanker

Recently, your intrepid Gonzo investigators found themselves (again) in Las Vegas to get a take on payments at Money20/20. (We We are rotating the team, as Misters Kilmer and Weikart reported that rehab from BAI Retail Delivery is taking a bit longer than estimated.) By Brandi Gregory, Nick Lane & Terence Roche.

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Amazon Walmart Whole Paycheck Tracker: Better Delivery By Any (And Every) Means

PYMNTS

This week was one of the latter, as Walmart hosted its investor meeting in Arkansas and Amazon decided this week’s menu of technological innovations in retail would be an all-you-can-eat buffet. The announcement was made by CEO of Worldwide Consumer Jeff Wilke on Wednesday (June 5) at the company’s “re:MARS” conference in Las Vegas.

Arkansas 109
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

In January 2018, Outcome settled all pending lawsuits by the company’s investors on the condition that Shah and Agarwal step down from their leadership positions. Demonstrating sales is a necessity for retail startups, especially those operating in the intensely competitive food vertical. The Outcome. Total Funding: $263M.

Fraud 78