Marketplace

News is out today that soccer's international governing body, FIFA, is increasing the number of teams in the World Cup to 48. FIFA's current president Gianni Infrantino pushed for more teams, which will likely affect FIFA's revenue.

Recreational marijuana is legal in California, but there is still no place to buy it, and there will not be until the state works out regulations. That could take a year. In the meantime, local governments are laying out rules on where marijuana can be bought and sold.

As you could imagine, these rules are having an impact on the real estate market for commercial marijuana spaces. The general trend is limited supply and high prices.

While visiting Los Angeles, British tourists Harvey Marcus and Cassie Steer stopped by a nearby newsstand. After scanning the hundreds of titles, Marcus, with a shrug, said he probably wouldn’t buy one.

“I don’t think they’re worth the money,” he said.

And Marcus happens to know a thing or two about the business. He’s an editor at Schön, a London-based magazine about fashion and art. Meanwhile, his girlfriend is a former beauty director for the U.K. edition of the fashion magazine InStyle. 

So, what are they doing in Los Angeles?

Former Exxon Mobil CEO Rex Tillerson only divested from his company last week. The prospect of an oil executive leading international diplomatic ties has caused a lot of concern for those worried about climate change, a major international issue. It's still unclear what impact his appointment would have on policies. 

Much of that stems from the lingering uncertainties over what the Trump Administration’s policies will be, said Kevin Book, managing director of Clearview Energy Partners.