Connect with us

Business

Critics question whether Biden-signed marijuana research law has ‘any value’

Published

on

Starved for good news from Washington DC, the broad cannabis movement greeted President Joe Biden’s signing of the Medical Marijuana and Cannabidiol Research Expansion Act into law in December with enthusiasm and hope.

Surely, new research supporting the rescheduling of marijuana – and, with it, tax relief for the cannabis industry – as well as other federal reform would soon follow the first stand-alone bill related to MJ signed into law since Richard Nixon’s presidency.

At least, that’s what industry executives and investors hoped would happen after the bipartisan legislation became law Dec. 2.

But six months later, a growing chorus of critics note that the federal government has registered zero new cannabis research projects under the new law.

Nor have any new applications for producers of research-grade cannabis been approved under the new law, according to the Federal Register.

That’s where the U.S. attorney general must place a notice in order for research applications to be considered.

And that is something Attorney General Merrick Garland has yet to do.

‘We have not seen any benefits’

Yet, many of the same obstacles – including questions of funding as well as how to navigate an onerous federal review process – remain for any would-be researchers of marijuana.

The U.S. Drug Enforcement Administration, which funds and oversees national marijuana prohibition efforts, also supervises federally approved cultivation of cannabis used for research purposes.

Under the new law signed by Biden, the DEA, rather than health or science officials, remains in charge of allowing new research, according to Nora Volkow, the director of the National Institute on Drug Abuse (NIDA).

For decades, NIDA has supplied researchers with marijuana as well as funding.

In an emailed statement to MJBizDaily, Volkow noted it’s simply too soon to tell how the DEA will choose to wield that power.

“Studies on cannabis and other scheduled substances are critical,” she said, “and NIDA welcomes efforts to facilitate the process of obtaining a DEA registration to conduct research on these substances.

“As we do not yet know how the DEA will implement the new law, at this time, we cannot comment on the impact it will have on research.”

A DEA spokesperson told MJBizDaily the agency would have no comment.

But one DEA-licensed researcher says the new research bill hasn’t helped.

“In fact, we have not seen any benefits in velocity of marijuana research from this new law. And I question whether the law had any value,” Sue Sisley, an Arizona-based physician and principal investigator on a U.S. Food and Drug Administration-approved clinical trial involving cannabis, told MJBizDaily via email.

Sisley’s Scottsdale Research Institute is one of the eight entities with DEA permission to produce cannabis.

All eight applied well before the research bill took effect. The DEA has not approved any new producers since then.

“If you’re asking, ‘Has the bill greased the wheels for research?’ – I don’t think anybody can endorse that,” Sisley wrote.

Six months isn’t very long in science, but that lapse in terms of practical effect is giving some observers pause.

So is one of the organizations that claimed credit for the bill.

‘Drafted’ by marijuana’s sworn enemy

Smart Approaches to Marijuana (SAM) is one of the Washington lobbies that says it helped draft the bill and guide it through Congress.

That group is arguably the country’s most vocal and effective anti-legalization organization, though critics have accused SAM of cherry-picking data and misrepresentation.

SAM’s executive director, Kevin Sabet, appeared at a May Senate Banking Committee hearing to testify against cannabis banking reform.

In a Dec. 2 news release hailing Biden’s signing of the cannabis research legislation, SAM claimed to have “drafted” the bill.

Then, in a Dec. 6 release, U.S. Rep. Andy Hunter, a Maryland Republican and a bill co-sponsor, said SAM “helped” with the bill.

Sabet would not consent to an interview with MJBizDaily for this story.

However, a Sabet spokesperson emailed a statement that, while not addressing SAM’s role in drafting the bill, did dismiss any notions the legislation was ill-intended.

“Legalizers have long argued that marijuana is medicine and this bill advanced a solid, science-based research agenda – not hyperbole,” Sabet’s statement reads in part.

“It is no surprise that those who opposed the bill and those who stand to profit from full-scale commercialization continue to mischaracterize legitimate legislation that clearly expands research opportunities.”

A follow-up email also attributed to Sabet noted that “it often takes a long time for federal legislation to be fully enacted. It has only been six months. It isn’t serious to suggest that the bill hasn’t achieved its intent at this time.”

‘No one realizes how bad’ the research law is

Shane Pennington, a cannabis policy attorney, is among the research law’s staunchest critics.

“No one realizes how bad that research bill is,” he told MJBizDaily. “I didn’t realize it, until I went and looked at it again.”

In a Substack post last July, Pennington highlighted the new authorities granted to the DEA regarding cannabis research, arguing they are counterproductive.

Those include the ability to unilaterally determine whether an application to study the drug is incomplete and then, without consequence, to ignore the application.

More recently, Pennington pointed out how the research reform bill altered the Controlled Substances Act to create cannabis-specific research requirements, independent of the drug’s status under the act.

This means that, even if Congress or the Biden administration were to elect to reschedule marijuana, the same barriers to research could well remain.

All of this, coupled with the authority over research delegated to law enforcement rather than health or science officials, led Pennington to call the law a brilliant coup: Legislation to stymie cannabis research was passed off as a major breakthrough.

“Marijuana is on lockdown unless you can get the attorney general to say, ‘Well, how about some cannabis science?’” Pennington told MJBizDaily.

“You are giving authority over cannabis science to the biggest enemies of cannabis science who have ever existed on planet earth.”

Even more circumspect observers have noted the bill doesn’t help researchers wanting to study commercially sold marijuana, which tends to have higher THC levels than federally approved research cannabis.

University of California, San Diego, researcher Ziva Cooper argued in an interview with Psychiatric News that the new law mainly benefits researchers who already enjoy the logistical and administrative support of institutions with established cannabis programs.

In other words, pressing questions about marijuana and health could remain unanswered, such as how dispensary-grade cannabis or delta-8 THC might interact with a teen’s anxiety or ADHD drugs or even a senior’s diabetes or heart medication.

According to Sisley and Pennington, the much-vaunted research reform act won’t help fill in those blanks.

“This whole thing is a public health travesty,” Pennington said.

Source: https://mjbizdaily.com/critics-question-value-of-bidens-marijuana-research-law/

Business

Jio’s 1,600-Satellite LEO Constellation Gets Technical Green Light

Published

on

By

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.

Continue Reading

Business

Alleged Crores Pharma Scam Mastermind Arrested from Surat

Published

on

By

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.

Continue Reading

Business

EU Pressure Builds on Google as Regulators Face Calls for Massive Fine Over Search Practices

Published

on

By

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.

Continue Reading

Trending

Copyright © 2022 420 Reports Marijuana News & Information Website | Reefer News | Cannabis News