Business
10% Of All New Jobs in This State are from the Cannabis Industry – Guess Which State?
Nearly one in ten of new jobs created in Missouri are now from the cannabis industry
Legal marijuana benefits business. Almost one in ten new jobs in Missouri are associated with the state’s freshly operational medical marijuana business, according to a study of state labour. According to year-end state employment figures, Missouri’s medicinal cannabis business contributed to roughly one out of every ten new jobs statewide in 2021, adding close to 7,000 employees in its first complete year of operation.
From December 2020 to December 2021, the state of Missouri added 77,600 new employment, as reported by the Missouri Department of Labor.
Likewise, the Missouri Department of Health and Human Services said in January that 6,596 state agent ID cards for employees of medicinal cannabis operations had been issued. Since retail sales began in late October 2020, all but a tiny percentage of those cards have been distributed.
CANNABIS OPERATION IN MISSOURI MARKET
The significant job growth represents just the most recent indicator of success for a 21st-century business that has attracted almost 170,000 certified caregivers and patients and will surpass $200 million in retail sales in 2021.
Missouri’s medical cannabis business is delivering on its promise to not only provide safe, inexpensive, and convenient access for patients but also to help infuse the state’s economy with large investments and millions in additional tax income, stated the executive director of MoCannTrade (The Missouri Medical Cannabis Trade Association) Andrew Mullins.
322 establishments, including 185 dispensaries, 63 makers of infused products, and 46 marijuana production facilities, have received approval from the Missouri Department of Health and Senior Services to open as of this year.
To cultivate, produce, test, transport, and dispense medicinal marijuana to patients in Missouri, a total of 386 facilities have received licenses and certifications from DHSS.
Jay Patel, CEO of Green Releaf Dispensaries, faced a steep hiring curve when he opened six retail locations from the ground – up in Mexico, Nevada, Troy, Columbia, Moberly, and Liberty. He also encountered thousands of applicants who were drawn in by the prospect of working for a start-up company with years or even decades of growth ahead.
He declared that medical cannabis is, without a doubt, the most significant communal investment the state of Missouri has seen in recent memory. The disproportionate economic impact is especially noticeable in tiny communities like Humansville, which has a population of 1,051 and is home to Flora Farms.
The Polk County hamlet now offers residents an alternative to travelling 100 miles round way to work in Springfield thanks to its growing facility and dispensary, as well as more than 200 employees spread across its activities. According to Flora Farms CEO Mark Hendren, the company received more than 1,000 applications from people interested in working at Humansville, as well as at its dispensaries in Springfield and Neosho.
Residents of Missouri with glaucoma, epilepsy, cancer and 20 other qualifying diseases may buy or grow medicinal marijuana with a doctor’s recommendation under Article IX of the state constitution. The law also gives doctors permission to accredit patients who suffer from other chronic and severe illnesses that could be helped by medicinal marijuana, and it safeguards their right to have these discussions.
MEDICAL CANNABIS TRADE ASSOCIATION
The Missouri Medical Cannabis Trade Association, often known as MoCannTrade, is a group of entrepreneurs, professionals in the medical field, patients, and locals that are working to make Missouri’s medical marijuana program a success.
A board of diversified individuals with expertise in medical cannabis, healthcare, pharmaceuticals, law, agriculture, science, law enforcement, security, public affairs, commercial real estate, and regulatory sectors oversees the membership-based organization.
Nearly 7,000 employment, or 10% of all new jobs in Missouri, were created in the first full year of medical marijuana operations in 2021, according to the Missouri Medical Cannabis Trade Association (MoCannTrade).
Some of those positions have gone to Raymore. The Source, a medical marijuana dispensary, opened its doors in Raymore in December. It is housed in the former Steak’ n Shake facility off 58 Highway. The city has gained 15 jobs for people as a result.
Medical marijuana has added not only jobs but also some new inhabitants to Raymore. In response to a job opening at The Source, at least one individual relocated from outside the state to Raymore. The fact that The Source is situated in Arkansas implies that both individuals and corporations believe Raymore has a promising future.
PETITION FOR RECREATIONAL CANNABIS
The state’s economy may benefit from petitions to make marijuana usage legal for recreational purposes in Missouri, which are now circulating. If one of three initiative petitions is approved by a majority of voters and appears on the November ballot, Missouri might gain even more employment and tax revenue.
‘Legal Missouri’s initiative’, which is one of the three proposed petitions, will do the following:
-Make marijuana legal for adult use (21 and older).
-Allow Missouri residents who have committed nonviolent marijuana-related charges to have their records automatically sealed.
-Put a 6% state tax on cannabis purchases made at retail. Admin fees and processing costs for automatic expungements are covered. The remaining surplus will be distributed equally among Missouri’s underfunded public defence system, drug addiction treatment, and healthcare for veterans.
-Permit local governments to levy up to 3% in local sales taxes.
-New business licenses: Aims to increase industry involvement among disadvantaged groups and small business owners, such as veterans with disabilities, people from high-poverty areas, and people who have previously been charged for nonviolent cannabis offences.
-Lottery: A random lottery will be used to choose all new license holders.
-Increase the validity of ID cards for medicinal marijuana patients and caregivers to three years from one year while maintaining a reasonable price ($25). Missouri residents who opt to produce medical cannabis at home will pay a 50% reduction in the existing $100 charge, and the three-year expiration period will also be included.
-Allow local communities to choose not to participate in adult-use retail cannabis sales by popular vote.
BOTTOM LINE
As a result of the legalization of marijuana, the state of Missouri is experiencing a flush of new job opportunities with medical cannabis across the state, generally improving the economy by providing employment and generating income for the state.
Business
Jio’s 1,600-Satellite LEO Constellation Gets Technical Green Light
Reliance Jio has crossed a significant milestone in its space connectivity ambitions after its proposal to deploy a Low Earth Orbit (LEO) satellite constellation of around 1,600 satellites received a positive technical assessment from the Indian National Space Promotion and Authorisation Centre (IN-SPACe).
The evaluation, conducted jointly by IN-SPACe, the Indian Space Research Organisation (ISRO), and the Wireless Planning and Coordination (WPC) wing of the Department of Telecommunications, reportedly concluded that Jio’s proposed system meets the required technical standards and is comparable to leading global satellite broadband networks.
India’s Indigenous LEO Satellite Vision
Under the proposal, Reliance Jio plans to deploy between 1,600 and 1,650 satellites in Low Earth Orbit at an altitude of around 650 kilometres.
The planned constellation is expected to provide high-speed satellite connectivity across India, with approximately 32 satellites visible from any location at a given time. The company aims to roll out the network within the next two to three years, subject to regulatory approvals.
According to industry estimates, the satellite system could deliver 4.5 to 5 terabits per second (Tbps) of total data capacity, making it one of the largest satellite broadband projects proposed in India.
The project is expected to require an investment of $10–15 billion (approximately ₹95,000 crore to ₹1.42 lakh crore), reflecting the scale of infrastructure needed for satellite manufacturing, launches, ground stations, and user terminals.
Regulatory Process Moves Forward
Following the successful technical review, the proposal is expected to move into the next phase of regulatory approvals.
The government may now assist Jio in securing orbital slots, coordinating spectrum usage, and filing applications with the International Telecommunication Union (ITU), the global body responsible for managing satellite orbit and frequency allocations.
Obtaining orbital rights remains a critical step, as Low Earth Orbit has become increasingly competitive due to the growing number of satellite broadband projects being planned worldwide.
Officials also indicated that the proposed satellite architecture has been designed to coexist with future Indian LEO constellations, allowing multiple domestic operators to share orbital resources efficiently.
Broadband, Mobile Connectivity, and Strategic Applications
Jio plans to use the satellite network to provide a range of communication services, including satellite broadband, mobile backhaul, enterprise connectivity, and direct-to-device (D2D) satellite communication, particularly in remote and underserved regions where conventional telecom infrastructure is limited.
The company also intends to establish 20 to 22 ground stations across India to support network operations.
Apart from commercial telecommunications, officials have highlighted the project’s potential strategic importance. A domestically developed satellite constellation could strengthen India’s communication infrastructure, reduce dependence on foreign satellite operators, and support national security requirements.
Reports suggest preliminary discussions are underway regarding the possibility of integrating defence-related payloads into some satellites, enabling both civilian and strategic use.
Major Step for India’s Space and Telecom Sectors
Industry analysts view the technical clearance as an important milestone in India’s expanding private space ecosystem. If Jio secures the remaining regulatory approvals and international orbital clearances, the project could become the country’s first large-scale indigenous LEO satellite broadband network.
The initiative also aligns with India’s broader efforts to expand digital connectivity while strengthening its presence in the global satellite communications market.
Business
Alleged Crores Pharma Scam Mastermind Arrested from Surat
After evading law enforcement for nearly 13 years, an accused linked to a large-scale pharmaceutical fraud case has been arrested by Delhi Police from Surat, Gujarat. The suspect is alleged to have orchestrated a series of financial scams involving fake identities, forged documents, and dishonoured cheques used to procure high-value pharmaceutical raw materials.
Authorities say the accused, identified as Himmat Singh Lodha, is believed to have defrauded multiple pharmaceutical companies in Delhi of goods worth approximately ₹98 lakh before disappearing and remaining underground for years.
Fake Business Deals and Dishonoured Cheques Used in Fraud
Investigators claim the accused posed as a legitimate pharmaceutical trader and placed bulk orders for expensive drug ingredients, offering post-dated cheques as payment security.
In one documented case from 2013, he allegedly obtained around 550 kilograms of Gliclazide, a diabetes-related pharmaceutical ingredient, valued at over ₹26 lakh. When suppliers attempted to encash the cheques, they were reportedly returned with the remark “account closed.”
Following the transaction, the accused allegedly vacated his office and rented residence and disappeared without settling payments. He was later declared a proclaimed offender in 2016 after repeatedly failing to appear before court proceedings. Authorities had also issued a reward for information leading to his arrest.
Multiple Identities and Repeated Fraud Pattern
Police investigations further link the accused to another cheating case dating back to 2012, where he allegedly used a fake identity, “Kailash Jain,” to obtain a large consignment of Ambroxol HCL, a pharmaceutical compound used in cough medications. The value of that consignment was estimated at around ₹72 lakh.
Officials believe the accused followed a consistent modus operandi—posing as a credible businessman, securing high-value goods on deferred payment terms, and then disappearing after delivery while shutting down business operations.
Investigators suspect that forged business records, fake company credentials, and fabricated financial histories were used to build trust with suppliers and gain access to expensive raw materials.
Multi-State Surveillance Leads to Arrest in Surat
A special Crime Branch team tracked the accused through coordinated surveillance efforts across multiple cities, including Mumbai, Ahmedabad, and Surat. After nearly a month of technical monitoring and intelligence gathering, officials located and arrested him from a residential area in Surat.
Authorities also revealed that the accused had been involved in property-related activities while staying under the radar to avoid detection.
Growing Threat of Corporate Identity Fraud
The case highlights a rising trend of organised financial fraud targeting industries that rely heavily on trust-based transactions and deferred payments. Experts note that criminals increasingly exploit gaps in corporate verification systems by using fake GST registrations, temporary offices, and forged documentation to appear legitimate.
Cybercrime and financial fraud specialists warn that such schemes are becoming more complex with the widespread availability of digital business tools, making it easier to create convincing but fraudulent corporate identities.
Experts Urge Stronger Due Diligence in High-Value Transactions
Experts, including former IPS officer and cybercrime specialist Prof. Triveni Singh, emphasize the need for stricter verification procedures in commercial dealings. He noted that relying solely on paperwork or digital business profiles can expose companies to significant financial risk.
Authorities and industry experts recommend physical verification of business operations, bank account validation, and detailed background checks before engaging in high-value or deferred-payment transactions—particularly in sectors like pharmaceuticals, where single consignments can involve transactions worth crores.
Business
EU Pressure Builds on Google as Regulators Face Calls for Massive Fine Over Search Practices
A growing coalition of European industry groups is intensifying pressure on regulators to take decisive action against Google over allegations of unfair search practices that could reshape competition rules across the region’s digital economy.
Investigation Under Digital Markets Act Gains Momentum
The case is being examined by the European Commission under the European Union’s landmark Digital Markets Act (DMA), introduced to curb the dominance of major technology platforms and ensure fair competition.
Launched in March 2024, the investigation focuses on whether Google has been prioritising its own services in search results, potentially disadvantaging rival businesses that rely on online visibility to reach customers.
Industry Groups Demand Swift Action
Several prominent European organizations have jointly urged regulators to conclude the probe without further delay. They argue that prolonged investigations allow alleged anti-competitive practices to continue, putting European companies—especially startups—at a disadvantage.
Signatories include the European Publishers Council, the European Magazine Media Association, the European Tech Alliance, and EU Travel Tech.
In a joint statement, these groups warned that delays in enforcement are affecting innovation, profitability, and growth prospects for regional businesses competing in digital markets.
Google Denies Allegations
Google has rejected claims of bias, stating that its search algorithms are designed to deliver the most relevant and useful results to users. The company has also proposed adjustments to address regulatory concerns.
However, critics argue that these changes are insufficient and fail to address the core issue of market dominance.
Potential Billion-Euro Penalties
If found in violation of the DMA, Google could face significant financial penalties. Under EU rules, fines can reach a substantial percentage of a company’s global turnover, potentially amounting to billions of euros.
Regulators may also impose corrective measures requiring changes to business practices, which could have long-term implications for how digital platforms operate in Europe.
Wider Implications for Big Tech
The case highlights ongoing tensions between European regulators and major U.S. technology firms. In recent years, the EU has taken a more aggressive stance in enforcing competition laws, aiming to create a level playing field for local businesses.
A final ruling against Google could set a major precedent, influencing future enforcement actions and shaping the regulatory landscape for global tech companies operating within Europe.
As scrutiny intensifies, the outcome of the investigation is expected to play a critical role in defining the future of digital competition across the European Union.
-
Business3 years agoPot Odor Does Not Justify Probable Cause for Vehicle Searches, Minnesota Court Affirms
-
Business3 years agoNew Mexico cannabis operator fined, loses license for alleged BioTrack fraud
-
Business3 years agoAlabama to make another attempt Dec. 1 to award medical cannabis licenses
-
Business3 years agoWashington State Pays Out $9.4 Million in Refunds Relating to Drug Convictions
-
Business3 years agoMarijuana companies suing US attorney general in federal prohibition challenge
-
Business3 years agoLegal Marijuana Handed A Nothing Burger From NY State
-
Business3 years agoCan Cannabis Help Seasonal Depression
-
Blogs3 years agoCannabis Art Is Flourishing On Etsy
