Business
Minnesota’s low-dose THC beverage market is booming
Minnesota, of all places, has become the hottest market for low-dose, hemp-derived THC beverages in the country – and likely anywhere else, including Canada and Europe.
The unexpected success of these cannabis beverages could bode well for the state’s nascent recreational marijuana market, with adult-use sales expected to begin in a little more than a year.
Recreational marijuana possession, use and homegrows became legal in the state on Aug. 1.
In the meantime, consumers of all stripes are flocking to hemp-derived THC beverages, with monthly sales likely topping $1 million.
The rush has been fueled by widespread retail access, easing stigmas associated with cannabis and the state’s geographic position on the map.
Illinois and Michigan, the nearest states with adult-use sales, are hours away from most residents.
Minnesota regulators and lawmakers paved a wide path where hemp-derived THC could be sold in the Midwest market, a big reason why these types of beverages are selling well at liquor stores, restaurants, grocery chains – such as Cub supermarkets – and other locations that have largely been closed to THC products nationwide.
The 2018 Farm Bill legalized hemp and opened the door for sales of delta-8, delta-9 and other intoxicating hemp-derived cannabinoids with up to 0.3% THC by dry weight.
The Minnesota market, which doesn’t require a license to sell hemp-derived THC products, kicked the door wide open.
The widespread availability of low-dose THC offerings has helped bring new customers into the fold as well, particularly nonsmokers and baby boomers, industry insiders tell MJBizDaily.
“It has exposed an entire state of consumers to the fact that they can purchase these products the same way they can purchase alcohol,” said Leili Fatehi, partner and principal of Blunt Strategies, a government relations and communications firm in Minneapolis that helped craft the state’s cannabis legalization policies.
“And the sky hasn’t fallen. If anything, we’re seeing that consumers are much more prepared and comfortable engaging in conversations, learning about the products and approaching them safely.”
The beverage boom has also been a boon for local manufacturers – including one of the state’s larger independent craft brewers, Minneapolis-based Surly Brewing Co. – as well as national cannabis brands such as California-based infused beverage maker Cann, one of several companies shipping hemp-derived THC beverage products from Minnesota to consumers across the country.
A paradigm shift
The groundwork for Minnesota’s current boom in hemp-derived THC beverages was laid a little more than a year ago, in May 2022.
That’s when state lawmakers passed a groundbreaking law that allowed the sale of hemp-derived THC edibles in mainstream retail outlets such as grocery and convenience stores – distribution channels largely prohibited in recreational and medical cannabis markets.
“We saw an absolute explosion of our THC beverage market here in Minnesota almost overnight,” said Jason Tarasek, a Minneapolis-based cannabis attorney at Vicente.
“I won’t say it’s entirely incorporated into our culture and society, but it’s well along the way.”
Under the 2022 law, which took effect July 1 of that year:
- Edibles must contain 5 milligrams or less of hemp-derived THC per serving, or 50 milligrams maximum per package.
- Beverages must contain 5 milligrams or less of hemp-derived THC per serving, or 10 milligrams maximum per package.
The prolonged hot streak, insiders say, could serve as a harbinger for a strong adult-use market, which will likely carry far more restrictions similar to those in other recreational marijuana states.
Minnesota became the 23rd state in the U.S. to legalize adult-use marijuana after Gov. Tim Walz signed a unique legalization bill into law last May that also permits the sale of hemp-derived cannabinoids such as delta-8 THC.
The adult-use legalization law will likely usher in changes for Minnesota’s hemp-derived THC marketplace – changes that could affect sales.
“The adult-use cannabis bill will impose greater regulation and licensing requirements upon these hemp-derived THC products,” Tarasek added.
“We may have started out fairly lax in terms of regulation, but we will be tightening that up.”
Retail sales in the adult-use market are expected to begin in early 2025, sources told MJBizDaily.
For comparison, the state’s medical marijuana retailers are projected to generate $110 million this year, growing to $230 million by the end of 2028, according to the 2023 MJBiz Factbook.
Brewed up opportunities
In developing the 2022 legislation that kicked off the low-dose THC frenzy, Minnesota lawmakers and industry stakeholders prioritized local business opportunities and a homegrown supply chain, according to Fatehi.
“We’ve gone through great effort to pass a law that creates this very Minnesota business-focused marketplace,” she said.
As a result, national brands have sought out Minnesota manufacturers.
For example, California-based Cheech & Chong’s Cannabis Co. is partnered with two Minnesota craft brewers – Surly and Duluth-based Bent Paddle Brewing Co. – to produce the celebrity brand’s expanding line of low-dose THC drinks.
“About 90% of the product sold in Minnesota is grown and manufactured in-state,” the Cheech & Chong’s chief marketing officer, Brooke Mangum, told MJBizDaily.
“We take pride in supporting local businesses.”
Los Angeles-based Cann, one of the country’s top-selling low-dose THC beverage makers, is partnering with Fair State Brewing Cooperative of Minneapolis to expand direct sales and wholesale distribution to 33 states.
“Because of the Minnesota law that has allowed for hemp-derived delta-9 beverages to flow pretty freely through the country, more than half of our revenue comes from non-cannabis dispensary channels,” Cann co-founder Luke Anderson said.
“It’s our manufacturing hub for products that are sold all over the country.”
Even the state’s homegrown grocery chain Cub – widely known as Cub Foods – is in on the action.
“Consistent with Minnesota state law, and where it does not conflict with local ordinances, Cub Foods has begun selling edibles and beverages containing low dosage amounts of THC in the company’s liquor stores,” confirmed Charles Davis, spokesperson for parent company United Natural Foods.
Cub, headquartered in Stillwater, operates about 80 supermarkets and pharmacies primarily in the Twin Cities area.
Getting a good economic read on this emerging product category is a challenge, with sales data and growth forecasts scant.
Seattle-headquartered cannabis analytics provider Headset told MJBizDaily it does not track hemp-derived THC sales in the Minnesota market.
The 2023 National Hemp Report, released in April, valued production of floral hemp grown in Minnesota at $11 million last year.
But that doesn’t account for hemp-derived products, which would escalate that estimate significantly.
The opt-out dilemma
While consumer access for low-dose THC products is widely available across the state, dozens of cities and counties have enacted measures to stymie business operations.
Municipal opt-outs of commercial marijuana and hemp programs are all too common from California to New York.
The bans undercut a market’s true potential and could provide a chilling effect.
“Cub will not be selling low-dose THC products where local municipality ordinances prohibit it,” Davis told MJBizDaily without a prompt.
According to statistics from the Public Health Law Center at the Mitchell Hamline School of Law in St. Paul:
- 80 Minnesota cities and five counties have adopted moratoriums related to the sale, testing, manufacturing or distribution of THC products.
- 42 cities and two counties have adopted licensing and sales restrictions.
“These moratoriums are incredibly problematic because they’re not actually based on any good public policy considerations,” Fatehi said.
“They seem to be a reflex against the concerns of something new.”
The long game
Legalizing and regulating CBD and low-dose THC products is a bit of a contrarian move in a market developing a recreational marijuana program.
Other adult-use states, such as Nevada, New York and Vermont, have enacted product bans and other restrictions related to delta-8 products.
But some Minnesota policymakers have a longer view in mind.
They want to develop a new crop of local entrepreneurs who can create their own unique retail presence, business plans and supply chains while enjoying certain federal protections and benefits related to banking, lending and capital, according to Fatehi.
“Operating in the hemp-derived space is one of the best on-ramps for transitioning to operating in the adult-use space and being set up for success,” she said.
“And it makes them more competitive when they’re applying for an application, because now they have a track record.”
It appears such early entrants also have room to run.
“There’s a ton of pent-up demand for cannabis products in Minnesota,” Tarasek said.
“It’s the only game in town.”
Source: https://mjbizdaily.com/minnesota-low-dose-thc-beverage-market-is-booming/
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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