Transcripts For BLOOMBERG Taking Stock With Pimm Fox 2014031

BLOOMBERG Taking Stock With Pimm Fox March 15, 2014

Playstation top unit sales in february. It sold 90 of what the playstation 4 sold. The xbox one generated more revenue because it is more expensive. Spending on videogame hardware has increased 42 from a year ago. There is a change coming to the sec 500. Changing the same to Green Mountain coffee. Larry flynt has been involved with pornography with hustler magazine. He is also involved in Capital Punishment. New hampshire has become the 19th state to repeal the Death Penalty. The founder is still the center of this debate. He wants to be heard on the issue. He remains paralyzed after being shot by Joseph Paul Franklin back in march of 1970 eight. Despite this, he is always objected to the Death Penalty being part of the judicial policy. He spoke about the issue with market makers. Tempers were flaring. Many people felt the only way they could react was to take somebodys life or harm them someone. Probably my best argument against Capital Punishment has been in england, pickpocketing was a capital offense. On saturday, when they hung the pickpockets, people in the audience will be going around picking pockets of people watching the pickpockets getting hanged. They decided early on that there wasnt much of a deterrent in the Death Penalty. You dont want to seek revenge . No. Our Justice System should be about justice. Not about vengeance. I have a problem with that. When you look at the proponents of the Death Penalty, it is iran, north korea, and the united states. Do we really want to be lumped in with those characters . We could be more than that. Capital punishment is not accurately administer. You you dont see why guys on death row. It is always underprivileged, under educated people. People dont have any means to defend themselves. Theyre the ones who go to the electric chair. If someone is if you snuff out someones life, in a matter of seconds, they are gone. Their suffering is over with. If you make that person spend the rest of his life in jail, he will have a lot of suffering. It is much cheaper. It costs two Million Dollars to execute a prisoner because you have all the housing. You have the costs three the petitions to be filed. [indiscernible] that is another reason why it doesnt make sense. If that was a deterrent, if the Death Penalty was really a deterrent, i could support it. But, people who are proDeath Penalty have not come up with any evidence whatsoever that it is a deterrent. The only thing it is is off with their heads. You are known for so many things. What do you want the most known for . I have fought to expand the parameters of free speech. I think, in a good way. I feel that the greatest right a nation can afford its people is the right to be left alone. If youre not in violation of the law, most people feel the same way i do. Leave me alone. Everyone has focused on edward snowden. Some people thought he shouldve been the time person of the year. I dont think that he is a hero. I think that he has open a longawaited dialogue. It is important to all americans. I think many people identify with him for that. We cant lose the fact that we do need a certain amount of security. Did the better good justify the means . I dont know. People often get confused on the issue of free speech. I think free speech is only important if it offends. Tons of people are offended by different things. Drawing a line there, who knows what is offensive to someone. That is true. I also think that to live in a free society, you pay a price. The price is toleration. You have to tolerate things that you dont necessarily like or you can be free. I tolerate fox news. Bill oreilly, archie bunker. But we have to do that if we are going to be free in society. Larry flynt. Coming up, california identifies three toxins they want to ban from consumer products. Those details are coming up. The state of california is cracking down on toxins in everyday items. The state was to eliminate some childrens spray foam insulation. The changes following stable that was changed last year that requires companies to replace toxins with alternatives or face a ban. He is a partner at duane morris. Both join us from san francisco. I wonder if we can begin with you. Based on your experience, what kinds of toxins are we talking about . The state only announced three chemicals and three types of products yesterday. Those are like a cleanup list from the 1980s. These are wellknown toxins. Paint strippers. A chemical that has killed over a dozen people over the last couple of years. Chemicals in sprays. Occupational asthma. A flame retardant put in childrens baby mats, bassinets, foam childrens products. It is a carcinogen and banned in the 1970s. It is still showing up in childrens products across america. The state of california is beginning a program called the safer consumerproducts program where they will identify the most hazardous chemicals and then try to motivate industry to identify alternatives. Get these known hazards out of products currently exposing americans to Serious Health issues. Coming in on the legal issues related to this new law, give us some perspective. Why havent these things been banned . It has been a very long road. The federal government began regulating these chemicals many years ago. The reason that it is now at the state level is that a lot of people are simply impatient with the pace of activity of the federal agencies charged with the task. Several states, including california, but also vermont and others have begun their own tasks, essentially to pile on top of what the federal government has already begun. To identify chemicals of concern. To identify products and what chemicals might turn up. To charge the producers of those products with analyzing what they have got, and asked them the hard question of why is that product in there, and is there a better way you can make this product without that someday will be better for all who use the product or are exposed to it. That is the background. The real difficulty. Many people are asking the question, is this something that should be done on a state level, or is it better to pursue the National Level and deal with the delays that come with that. Where do you stand . From the perspective of the clients i represent, most of my clients are manufacturers and mr. Beechers in consumerproducts. They are extremely concerned about the prospect of state to state regulation. Of having a product that may be legal in oregon, illegal in california, possibly illegal in others. What about using californias law as a basis for a more Widespread National law question absolutely. That is what is going to happen. There is no action washington, d. C. Theyre lobbying to block any type of substance control. There is no chance of a comprehensive regulation coming from d. C. All of the action is at the state level. They are pushing alternatives. They are taking small steps forward for the National Government cant. This is going to be the result. Industry has blocked that. The industry is going to be statewide. 30 years it takes to evaluate a few chemicals in washington dc. We can get known hazards on the shelves all cross america. Quite frankly, this is something we see. They are taking the lead over the federal government of banning chemicals and getting them off their own shelves. The u. S. Government is not doing its job. California is taking an important step here. This is where the discussion is going to be. Getting these hazards out of consumer products. Can you, on the issue of consistency. There are regulations in the European Union that may be inconsistent with current law and the united states. Is it possible that the companies who are involved can meet these different regulations . We will never know the answer until we see the actual regulations. Europe is several years ahead of us with the reach program. That has the same goal to identify chemicals of concern, and task the people who make those chemicals to produce products with figuring out what is in there, and how can we make it more safe, and expose people to fewer toxins. Dealing with uniformity, everybody has a lot of good ideas. It is difficult to be critical of what one state might do versus another. The problem will arrive. I can guarantee you that we will have inconsistencies. To some degree it may affect our ability to export products to europe or other countries looking at this. It may affect the ability of other countries to send products here. And just cause a great amount of uncertainty in the markets. Let me break in. I want to give you a moment here. Why would the u. S. Adopt the European Union Union Regulations after all . There is not a lot of difference between human beings in europe or the united states. Really, the European Union has moved beyond the u. S. They are out in front of the u. S. The states in the u. S. Are basically catching up. We have the eu in california taking the lead. This presents a test for the american chemical industry. It is an easy test. We have listed three chemicals everyone has known for 20 years are hazardous. Can they innovate to get these hazards out of the products of that they can compete globally and innovate, and stay ahead of the curve, and not just continue to lobby them spend millions of dollars blocking regulation. Where can people learn about where these products are . Is there a website . A website for these priority products. The safer consumerproducts. You can go find them there. Goodguide. Com. I want to thank you very much. My thanks, joining us all. Coming up, in san francisco, marijuana, the industry where jobs are booming. Businesses are looking for qualified candidates. Some even have gotten together to hold a job fair. We have details next. In denver colorado, a long line of individual stretched outside a job fair. They were waiting for a chance to make it and get interviews. Nothing unusual about that. That is what happens at job fairs. What was different is that all of the jobs at this there were in the marijuana industry. More than a Dozen Companies were recruiting. Joining me now is the founder and executive director of Harborside Health center. His center is a medical marijuana facility. He also is hiring. Good to have you with us. I wonder if you would give us your background and how you have played a role in the decriminalization and legalization of marijuana through your work on various propositions. Ive been a cannabis activist and entrepreneur since i was 18 years old. In the course of that time i have worked on many different initiatives. Most notably, i have worked to create Legal Cannabis companies that allow me to feed my family and at the same time tell the world the truth about cannabis. Lets talk about cannabis and its use as medical marijuana. What is the status that defines it in california versus what is going on in colorado and washington . In california, in order to legally purchase or consume cannabis, you have to have a written recommendation from a we have made that distinction. Is the industry homogeneous . You to do so. In colorado, as of the most recent general election, any adult is allowed to purchase cannabis for any purpose whatsoever. We have made that sure, i would. We are committed to being legally compliant with whatever regulations are in place. It is our belief that most americans could benefit from using cannabis. We welcome the opportunity to serve more rather than less. Harborside health care. Could you describe the business, and how many employees, how many customers. We have 7000 squarefoot campus. In addition to providing to 250 different types of cannabis, we offer a fullservice care clinic. Which includes things like chiropractic, acupuncture, nutritional counseling, therapeutic yoga and other Holistic Healing techniques. We have over 100 employees. Their average wage is 43 an hour. All of them have health care. All of them have a wonderful retirement package. You mentioned lab testing. I wonder if you could describe your role there and what role it plays in the decriminalized and legitimate marijuana industry. Before it opened harborside in 2006, i contacted every laboratory in the bay area and asked them to test our cannabis. I was when to call it medicine, i needed to know what was in it. They all turned me down for fear of federal law. I was forced to reach out to other activists. We started a new company, the first Testing Laboratory in the industry. We have to leave it there. Steve deangelo, Harborside Health center prefigured for taking stock

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