hi, everyone welcome to "on the money." seniors getting on the bus to go to a different kind of drugstore. the one leading the charge for civility when you save for retirement, you want to talk to a person or are you okay letting a robot make decisions for you why you may not have a choice. and axes and alcohol don't sound like the greatest combination, but believe it or not it's part of a new trend for having a good time. >> if you can hold the bottle you can hold a hatchet. >> "on the money" starts right now.

>> this is "on the money," your money, your life, your future. now, becky quick there's a new shuttle service in town. the mission -- to take the seniors to the drugstore but you won't find any tylenol or advil here as we found out it's not a magic bus, but a cana bus. >> reporter: it's tuesday morning at laguna woods senior living facility in california, and 20 seniors are taking the bus for an important errand. but they're not going to the grocery store or the bank. they're about to visit a marijuana dispensary the tinctures are used to ease this woman's pain from arthritis. >> i have been using cannabis my whole life. >> reporter: she's become an advocate for medical marijuana where the cannabis club has grown from a few seniors to more than 1,000 over the last decade.

the popularity of marijuana among boomers and seniors appears to be growing like a weed one analyst study shows that 55 and up cannabis base nearly quadrupled to 18% in 2017 up from 5% a decade earlier. >> do you guys have a medical marijuana recommendation >> reporter: the spike has been driven by greater access for older americans to medical marijuana. to treat conditions ranging from aches and pains to anxiety businesses are tapping into the opportunity. >> i think that this store is focused on targeting the community. >> reporter: bud and bloom's owner was adamant about the monthly bus service and education programs to demystify pot. >> some of my partners didn't quite understand it. now they do. >> education, education, education. >> reporter: sue taylor is about to open a northern california dispensary specifically catering to seniors it won't open for another couple of months but taylor said she's

already getting inquiries. >> once it became legal people are becoming more and more open. >> reporter: like renee lee. who founded the cannabis club at ross more senior living community in 2011. >> for at least a year and a half, we met in a very small room we had great speakers come out, but we only had 20 people in the group. when kept it -- we kept it that way. >> reporter: now it's grown to more than a now members and while some use cannabis to treat pain, they feel the stigma of turning to weed. >> i have a neighbor she doesn't want to talk to me anymore because she found out i smoke cannabis for pain. >> reporter: they say it's not stopping them from getting on the bus. >> i don't think the bus helps with acceptance, but the bus helps with people like me. >> many seniors don't want to smoke the weed so the topicals and vapes are popular among the 50-plus club. >> thank you very much.

joining us is vivian azure from callen, she specializes in the cannabis sector. thank you for being here today. >> thanks for having me on. >> so what impact do you think the legalization of marijuana in canada will have on the united states, if anything? >> well, i think it informs an interesting analog similarly, where all eyes were on colorado when they legalized cannabis in 2014, certainly it will give us insights into age cohort demographics like you discussed and it will give us insights into form factor and the destigmatization of the category. >> do you think it will become legal on a federal level any time soon in the united states or do you expect this will continue to go on a state by state basis? >> we expect things to continue on a state by state basis in the near term, absolutely. in the midterms i think it will be critical in terms of watching

for that evolution. >> as more states do legalize marijuana, what impact do you think it will have on the beer and alcohol industries will this hurt them or is this an opportunity for them too? >> yeah, we think that alcohol and cannabis are substitute social lubricants. you are starting to see that namely in nevada and in california and the beginning of this year and we'll be watching canada as well i think you're seeing acknowledgment of that both as a risk factor as well as an opportunity by virtue of large investment in canopy growth which is one of the leading canadian lps and molson coors with hexo canada. >> any increase in traffic in states that have legalized this? >> there was a study published in the journal of american health no, there isn't any

evidence and the national highway traffic association said it's the same. >> you said it's mixed i heard results that -- where insurers say it has stepped up cases of accidents in these states >> yeah. there are studies that say both. >> okay. we just saw seniors are the fastest group of cannabis users. how is that impacting the medical side do you think this will lead to more scientific research or what does the fda have to do with this too >> certainly i think, you know, there is an explicit ask of the dea to expand the body of research that came after their 2016 review and what you have seen is that the dea has started to give approvals to canadian companies to actually import their cannabis to academic institutions in the united states for research. >> sure, but the fda and the commissioner there, scott gottlieb, said he's opposed to anything that's ingested, any of the medical things that are ingested through the lungs it would be a high hurdle before he'd approve that. >> there are so many form

factors outside of inhalation, both for adult use and medical usage. there are tinctures you can put under your tongue, topical applications, sub linguals which are altoid type mints so inhalation is far from the only delivery system. >> you don't see anything that would push back on this? you think it's full speed ahead? >> yeah, slowly but surely, state by state. >> we'll see thanks for joining us. up next, we're "on the money. why does courtesy seem to vanish into thin air at the airport what one corporate leader did to remind people what's important. and saving for retirement, and you may not like it. right now, look at how the stock market ended the week.

when you grab a java juice or cinnamon, they are led by cat cole her job requires her to travel a lot and in her travels she encounters a lot of people at the airports she also sees a lot of bad behavior recently she decided to do something about it and thank you for being here today. >> thank you. >> i came across your tweet storm on twitter where you must have had seen some bad things in the airport or something you started off with the whole twitter storm and you said here's my advice on how not to be an a-hole when you travel and how to be an extra awesome example for others what led you to this point >> you know, i had flight delays, i was visiting our jamba

juice and cinnabon locations in the airport so i got stuck, the airport good crowded you can feel people getting noticeably more angry and frustrated i sat down to get my shoes shined and i talked to the man who worked in the airport for over 20 years. we started to talk about nice people, not nice people. and it was one of those moments where i was so grateful i had sat down to talk to him. i was so grateful i had the ability to give him an extra large tip. then i stood in line behind families who had been stuck in the airport for hours. and watched travelers walk over them, not be kind. not be helpful i saw a person who served our country in uniform someone butted in front of them. i just had enough. and so not only did i do my part in the moment but i wanted to use my platform to share a few tips on how to show up as an awesome human. >> you say look support workers in the eyes in airports and train stations and saying, thank

you for keeping the bathrooms so clean. don't be a whiny jerk in the line, you'll get there eventually get your shoes shined as you just mentioned when you see military in uniform thank them for their service and sacrifice. these are basic human tips what was the response you got from the tweetosphere. >> people said these are tips for showing up as a human, so i added a tweet, absolutely, this isn't just about being at the airport. i found many people said thank you for the reminder, thank you for the example. thank you for sticking up for people who are in fact making your travel possible and making it pleasurable. and comfortable. >> and doing their best even in bad circumstances. >> that's right. look through the window and watch the people lifting bags in sleet and snow and horrible heat women and men working to clean restrooms. no one is looking them in the eye. to say thank you and you can see

in their reaction that that doesn't happen often. >> when you actually step out of your way to say thank you. >> yes >> what did you hear back from your employees was there a separate response that you got from them >> yeah, many employees both on that tweet storm and a few others where i have challenged - >> i missed your others. >> there have been a few others where i'm challenging people to pay employees to go vote, get them to the polls. find a way to step up during such challenging social times to not tolerate discrimination, harassment many of our -- especially young leaders, young women in particular they have come into my office with teary eyes saying these are difficult times, i'm so proud to work here. thank you for using your platform to step up and speak your point of view even though it might offend some people. >> any end in sight, or when you start a twitter storm like this, do you think it feeds on itself and people are reminded about the good turn and it pays off just in everyday behavior? >> not only is it a reminder of specific ways to be more than

just kind but grateful but it is about -- it is about sharing and using your own experiences to inspire thers and it's a good reminder for me. to be the best version that i can be so i don't know there's an end in sight but i hope when people do something kind, they remember these social media platforms can actually help shine a light on that and inspire others to do the same. >> well, i have to say it was a reminder to me to be appreciative too and i appreciate your time here today. >> thank you, my pleasure. >> cat cole. "on the money," the way that people manage their money is changing but is it for the better we'll tell you how and why. later, forget bowling or darts, how about throwing a hatchet at a target? a new venue where accuracy really counts. and cheers, you can have a drink while you're there too this isn't just any moving day.

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in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. the way we save for retirement is changing people often want to make transactions and get advice with just a swipe on their smartphone and new technologies are transforming the way that happens. sharon epperson is joining us from washington, d.c she has much more on this trend. sharon, what is this technical transformation all about, what does it mean >> well, becky, i'm here in d.c. where about 5,000 people gathered here this week for the schwab impact conference this is the largest gathering of financial advisers in the country. many of them are grappling with

how to use technology for their clients and their clients are also looking at how they're using technology to save for retirement schwab actually came one its own type of technology, own robo adviser about three years ago and i talked to the ceo walt bettinger about it. >> people today want to deal with the digital adviser we manage almost $35 billion in our digital adviser today. but what we have done from day one with that is include access to a person. >> so like many aspects of managing your life, a lot of people want to have technology along with human assistance. charles schwab did a survey and they asked people about this and how much of a combination would you want, and about a third of people said that they would like automation along with human assistance to manage their finances as well as to manage their investments. and that is even more than saying that they would want automation and a human assistance to order takeout or

to even find a date, becky. >> wow you know, i get it there are a lot of times that you think this is kind of going on manual override, you know, we're going to let things roll along for a long time. but if that's a big wobble in the markets i might want to talk to the person at that point. is that what they found in their survey too >> that's right. people want that comfort of being able to talk to someone. but they want to be able to do the little things they think they can manage on their open with a swipe on the smartphone. >> what are some of the other digital innovations that are changing the way that people manage their money. >> it's interesting along with robo advisers, that people think they're using regularly -- 60% at least by 2025 a lot are saying, you know, pretty soon we'll be using regularly artificial technology and virtual reality. all managing your finances then of course people are still more than a third looking at cryptocurrency and the fact that

that might be a regular part of their life come 2025. >> how do different generations differ when it comes to their willingness to use this stuff, their acceptance of digital technology my guess would be the younger you are, the more comfortable you feel with all of this. >> the more comfortable and the more trusting. millennials, those in their 20s and 30s are more trusting of technology but don't rule out boomers. a lot of boomers are saying if i cannot reach someone by phone i'd rather use the technology actually when we look at what gives you peace of mind in terms of how technology can help bring peace of mind when it comes to managing your finances a lot more millennials said that that's the case for them but a lot of boomers also are looking at this. the bottom line is that people really just want a combination and while millennials may be the ones using technology, more than having the human assistance, i think boomers are coming along and saying we need do this too we want a combination of both. >> yeah. it's certainly a big convenience factor. >> absolutely. >> sharon, thank you so much great to see you and see you

back here next week. >> sure. up next, "on the money," a look at the news for the week ahead. beers and bull's-eye two activities in one place. think it's a good idea to do both >> you get to throw heavy objects at wood and drink, who will say no to that?

watch it cnbc on apple tv view realtime screening, watch full primetime shows now your cnbc all in one place download cnbc on apple tv. here are the stories coming up that may impact your money this week. on monday we'll see how the

services is doing with the nonmanufacturing report. and who doesn't love a good doughnut be on the lookout for deals because monday is national doughnut day and get out vote the midterm elections are on tuesday. on thursday, we'll see if the federal open market committee plans to raise interest rates again. that announcement comes after a two-day meeting with the fed and then on friday, find out if there's inflation on the wholesale side. axes and alcohol, it's the business behind stumpy's hatchet house. we went to one location to see what it was all about. ♪ >> it gets a lot of anger out. you can just really -- >> it's a little difficult but the first couple of tries you get the hang of it >> it's a little counterintuitive most people think you have to throw it as hard as you can, but when in reality, let the weight of the ax stick it to the wood

you're throwing a sharp object at a piece of wood, you're drinking. >> if somebody is -- has clearly had too much back here, they don't get to throw anymore we have things in place here to make sure that nobody gets hurt. >> when you keep doing bull's-eye in a row it proves to your friends you're better than them. >> nowadays, people want something to do. this is a good place to disconnect. >> throw some axes drink a few beers. just have fun with your friends. >> stewart and kelly started stumpy's along with another couple and went into business three years ago. thank you for being here. >> thank you for having us. >> walks through the evolution of how this came to be. >> okay, so with our business partners and friends, one afternoon after sailing in our backyard i had a bunch of logs

from a tree that was falling and we were splitting wood for the chim nia and we ended up throwing the axes, we had a lot of fun, we kind of good addicted to it. my partner who is carpenter built an easel target and brought it over and the rest is history. >> stumpy's, you named it stumpy's how did that come up >> that was actually a nickname i acquired from a party that mark and trish threw it has nothing to do with any of my appendages. everything is good and so that in addition to the fact that we were also throwing at log stumps too. kind of a dual meaning >> kelly, what about the alcohol? you're not a bar, it is byob, how did that come into it? was that part of the original plan, i suppose, when you're doing this in the backyard >> it was. we knew we had to focus on the safety and we have an extensive safety plan to make sure that everyone is coming in and being careful about the alcohol they

drink. it's only beer or wine, very control. most of the time people come with more than they drinking, because they're playing and ablative and -- and active, and they're socializing. >> yes, there was alcohol involved in the formation of the company. i will concede that. >> i'm trying to walk myself through it the only way -- i see it coming together. >> tequila or beer involved in the process. i'm not sure though. >> kelly, how do you make money? if it's byob, that's how most bars make their money. >> well, we throw parties of all sizes. our social throwdown is not about throwing hatchets but having a party, a celebration. or even a team building event where corporate -- corporations come with their team and you know let loose and bond over a fun activity. >> hey, stewart, when you start thinking about these things you guys opened up this as one

location but you have switched to be a franchisee with four locations. what happened? >> we had so many people coming to us and saying i want to be a part of stumpy's, i want to open my own stumpy's. after a lot of requests we kind of shifted our business plan to let them capitalize our expansion. >> well, thank you both for being here today. >> our pleasure. >> sounds like fun i'm a little intimidated but i admit it sounds like fun thank you for your time today. >> thank you for having us that's the show for today. i'm becky quick. next week, which credit cards have the best rewards? from points to cash back, are the perks enough to get you to switch each week, keep it right here, "on the money. we will see you next weekend

we are live at the nasdaq market site after another wild week of the markets. while the guys are getting ready, here's what's coming up >> we have had very good discussions with china we're getting much closer to doing something. >> hopes of a trade deal giving chinese stocks a boost dan nathan warns it is really a fakeout. he's got the trade. plus -- materials and industrials have been on a tear. but the chart master says watch out. the moves could be nothing more than a bull trap and -- ♪ just when you thought it