Business
Cannabis Legalization Hearing Held by Congressional Committee
Multiple U.S. Representatives questioned seven cannabis advocates to discuss legalization at the federal level in a recent hearing.
The House Oversight Subcommittee on Civil Rights and Civil Liberties announced on Nov. 8 that on Nov. 15 it would be holding a hearing to discuss cannabis legalization. The hearing’s official title was “Developments in State Cannabis Laws and Bipartisan Cannabis Reforms at the Federal Level,” and a joint memo was published on Nov. 12 to lay out the talking points of the discussion.
The hearing was led by Rep. Jamie Raskin (Chairman of the Subcommittee) and Rep. Nancy Mace (Ranking Member of the Subcommittee), and accompanied by questions from Rep. Ayanna Pressley of Massachusetts, Rep. Peter Anderson Sessions of Texas, Rep. Carolyn Maloney of New York, Rep. Brian Higgins of New York, Rep. Alexandria Ocasio-Cortez of New York, Rep. Eleanor Holmes Norton (Delegate to the U.S. House of Representatives representing the District of Columbia), Rep. Rashida Tlaib of Michigan, Rep. James Comer of Kentucky, and Rep. Robin Kelly of Illinois.
Witness speakers included Randal Woodfin (Mayor of Birmingham, Alabama), Paul Armentano (Deputy Director of NORML), Andrew Freedman (Executive Director of Coalition for Cannabis Policy, Education, and Regulation [CPEAR]), Eric Goepel (Founder and CEO of Veterans Cannabis Coalition), Keeda Haynes (Senior Legal Advisor of Free Hearts, who connected remotely), Amber Littlejohn (Senior Policy Advisor of Global Alliance for Cannabis Commerce, and Jillian Snider (Policy Director of Criminal Justice & Civil Liberties).
The discussion covered a wide variety of facts revolving around cannabis legalization, the failed War on Drugs, how Biden’s October announcement to pardon federal cannabis convictions requires state action to help people, the treatment of veterans who seek relief with cannabis, the potential of hemp as a building material (and the legal challenges connected to this).
NORML’s Armentano provided many powerful facts and statements regarding legalization and how the cannabis industry has affected black and brown people. “By descheduling cannabis, tens of millions of Americans who reside in states where cannabis is legal in some form, as well as the hundreds of thousands of people who work for the state-licensed industry that services them, will no longer face needless hurdles and discrimination—such as a lack of access to financial services, loans, insurance, 2nd Amendment rights, tax deductions, certain professional security clearances, and other privileges,” Armentano said.
R Street Institute’s Snider added that the country’s approach to legalization is messy due to the varied levels of regulation. “Proposed federal legislation indicates increased support for alternatives to federal cannabis prohibition, and this increased support is critical to provide clarity on the overall legal status of cannabis, as the current situation presents inconsistency and a quasi-legal conundrum,” Snider said. “The substance may be legal in one state and decriminalized in another, but because it is still prohibited at the federal level, users or possessors of the substance are subject to criminal penalty.”
Toward the later portion of the hearing, Raskin asked Armentano about his hope that Congress can come together to make legalization a reality. “So Mr. Armentano, do you think Congress can catch up with where a majority of the states are now in terms of medical marijuana and decriminalization and legalization, as [Mayor Woodfin] said. Do you think Congress will actually be able to do it? I know this hearing is a promising sign, but what do you think are the chances of actually doing this, in this session of congress or the next?”
Armentano replied, explaining that historically prohibition has never worked, whether you examine the history of alcohol prohibition, or that of cannabis. “Well my business card doesn’t say prognosticator, but one would hope that members of congress see the need to act swiftly,” Armentano explained. “Look, to use your analogy with alcohol prohibition, the federal government got out of the alcohol prohibition business when 10 states chose to go down a different path. The majority of U.S. states have now chosen to go down a different path with cannabis and is untenable to keep this chasm going between where the states are on this policy and where the federal government is. At the end of the day the federal government needs to come to a way to comport federal policy with state policy, and that’s by descheduling.”
Mace and Raskin provided conclusory statements based on what they heard during the hearing, and what they hope it will lead to in the very near future.
Mace condemned an earlier reference comparing cannabis to slavery. She addressed data that shows how black and brown people are four times more likely to be arrested for cannabis, and that its up to congress on both sides to address this issue. “I’m from South Carolina where the difference between rich and poor is often black and white, and cannabis is an area where we can work together on both sides of the aisle to prohibit more of those inequities from happening across our country and right the wrongs that have been going on for decades now,” Mace said. “And I would encourage my colleagues, Republican and Democrat on both sides of the aisle, to get on board with this issue. The American people are asking for it. Seventy percent of Americans support medical cannabis. Half, or more than half, support adult or recreational use across the country, whether they come from the red state of South Carolina to the blue state of California. East coast to west coast. Americans from all communities, all colors, all ages, support this issue. The only place it is controversial is here in the halls of the capital, and it’s wrong.”
Chairman Raskin concluded the hearing with his own statement, addressing the need for action from Congress. “Congress needs to catch up, and that’s what this hearing is about and that’s what I’ve learned today. If we knew our history better, if we all took the time to read into prohibition, we would see that America has been through this before. And it’s not that alcohol is like birthday cake, it’s not. We lose more than 100,000 people a year to alcohol-related illnesses, to alcohol-related fatalities on the highways, that needs to be regulated,” Raskin said.
“But the country had its experience with trying to criminalize alcohol. It didn’t work, and it caused much more severe problems and we know that is precisely the history we’re living through today, again, with marijuana, it needs to be regulated, it needs to be carefully controlled, but we should not be throwing people into prison for any period of time for one day because they smoke marijuana. It makes no sense. We should not be ruining people’s lives over this. I think the country has made its judgment, it’s time for Congress to catch up.”
Source: https://hightimes.com/news/cannabis-legalization-hearing-held-by-congressional-committee/
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.
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