Business
Licensed Recreational Weed Sales Launch in Maryland on Saturday
Regulated sales of recreational cannabis begin in Maryland on Saturday, July 1, only seven months after voters approved a ballot measure to legalize adult-use pot.
Regulated sales of recreational marijuana begin in Maryland on Saturday, leaving retailers with only days to prepare for the launch of legal adult-use cannabis in the state.
In November, Maryland voters legalized recreational marijuana with the passage of Question 4, a state referendum that was approved with nearly two-thirds of the vote. In April, lawmakers passed legislation to regulate adult-use cannabis production and sales beginning on July 1, followed by the signing of the bill by Governor Wes Moore early last month. Under the measure, all adults in Maryland age 21 and up will be allowed to purchase regulated cannabis products including flower, vapes, gummies and more from the state’s existing medical marijuana retailers.
The legislation also changed the Maryland Medical Cannabis Commission, which regulated the production and sale of medical marijuana, to the Maryland Cannabis Administration. Will Tilburg, the acting director of the new agency, said that regulated sales of cannabis in Maryland are expected to triple over the next year with the advent of adult-use sales.
“There’s more than 4 million eligible consumers versus 168,000 medical patients,” Tilburg said, according to a report in local media.
Meg Nash, a partner at the cannabis and psychedelics law firm Vicente LLP, praised Maryland’s lawmakers and regulators for their quick action to implement adult-use cannabis legalization.
“Maryland’s swift implementation of its adult-use cannabis program is remarkable, and will hopefully serve as a model for other states that share the policy goals of increased access to safe cannabis products and to deterring participation in the unregulated industry,” Nash wrote in an email to High Times. “The Maryland Cannabis Administration shows no signs of slowing down, as a new licensing round that will be exclusively available to social equity applicants is expected to be announced in the coming months, with new licensees selected via lottery before the end of the year.”
Medical Marijuana Companies Prepare for New Customers
The impending start of licensed recreational marijuana sales in Maryland has prompted the state’s licensed medical marijuana providers to prepare for the influx of new customers expected with the legalization of adult-use cannabis. Jake Van Wingerden, the owner of SunMed Growers in rural Cecil County, told the Baltimore Sun that he and his staff of 150 workers have been busy harvesting and processing marijuana products to prepare for the upcoming launch of recreational marijuana sales in Maryland.
“We cranked it up,” Van Wingerden said of the company’s production. “We believe that demand will skyrocket for those first couple months.”
The company has been stockpiling cannabis flower for Saturday’s launch and added an extra shift for packaging cannabis products. SunMed has also purchased new delivery vehicles and built a $16 million, 25,000-square-foot facility to make weed edibles.
Maryland MMJ Legalized in 2014
Maryland legalized medical marijuana in 2014 and regulated sales began in 2017. The state’s adult-use cannabis legalization bill allows medical marijuana operators to pay a fee to upgrade their license to serve recreational customers, a provision that was added to the legislation to ensure a swift launch of regulated sales. When purchases of adult-use cannabis begin on Saturday, approximately 100 medical marijuana dispensaries across the state will be ready to serve recreational marijuana customers.
Maryland state Delegate C.T. Wilson led efforts in the legislature to legalize cannabis for adults. Drafting the legislation presented challenges, he says, because lawmakers wanted to ensure a smooth transition to the regulated market. They also wanted to establish a market with wide availability and low prices to challenge the success of the illicit cannabis economy. Another aim was to avoid the racial disparity seen in Maryland’s medical marijuana industry, which is dominated by white-owned companies.
“The goal, again, is to make sure this is fair and equitable,” Wilson said. “But we need to have product available on the market July 1.”
In addition to allowing the state’s medical marijuana operators to serve adult-use customers, the cannabis regulation bill passed in April includes social equity provisions to encourage diverse ownership in the industry. Van Wingerden applauded the state’s lawmakers for their swift work to regulate adult-use cannabis that saw the legislation drafted and passed less than six months after voters ended the prohibition on recreational marijuana.
“It’s a heavy lift and they did it fairly quickly. Hats off to the General Assembly and the people behind the scenes,” he said. “They got it all done and I think it’s going to be a model for the rest of the country.”
Mitch Trellis of medical cannabis operator Remedy said that the company’s dispensaries in Baltimore County and Columbia are larger than most medical marijuana retailers, with each store featuring more than 9,000 square feet, a minimum of 20 cash registers and parking lots that can accommodate hundreds of cars. Typically, the dispensaries serve 300 to 600 patients daily. But when recreational marijuana sales begin on Saturday, the number of customers served each day could climb as high as 2,000.“Expect long lines at most places. It’s going to be hot,” he said. “People are definitely excited.”
Source: https://hightimes.com/news/licensed-recreational-weed-sales-launch-in-maryland-on-saturday/
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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