Connect with us

Business

NBA to allow players to promote, invest in and consume cannabis

Published

on

A groundbreaking bargaining agreement between the National Basketball Association and its players association would allow players to invest in and promote cannabis companies.

The tentative deal – which must be ratified by the union and team governors – would also allow players to consume marijuana given that the substance would be removed from the league’s drug testing program, according to The Athletic sports media site.

The National Basketball Players Association confirmed that a tentative collective bargaining agreement had been reached.

“Specific details will be made available once a term sheet is finalized,” the group said in a statement.

The proposed labor agreement would offer players another investment opportunity, NBA and WNBA teams, The Athletic reported.

The tentative agreement would provide a major endorsement for the cannabis industry and would open up a new source of funds for marijuana companies, which have been struggling in the face of a tight funding market.

The proposed seven-year agreement would also mark a first for the NBA, which has previously penalized players for consuming marijuana and barred them from participating in cannabis sponsorships or business opportunities.

That hasn’t stopped a growing number of former NBA players from joining the cannabis industry, such as Al Harrington, a co-founder of Los Angeles-based Viola Brands; Chris Webber of Players Only Holdings; Carmelo Anthony, an investor in California cannabis brand Leune; and Shawn Kemp, a marijuana store owner in Seattle.

In a recent appearance on NPR, Harrington talked about what basketball and marijuana have in common.

“Sports definitely heals,” he said.

“Every time it seems like our country goes through something, sports is the kind of thing that brings it back together.

“And I feel the same thing about the cannabis plant. I really feel like the cannabis plant is a natural healer, and it fosters community.”

Is tide turning in pro sports?

As an increasing number of states have legalized medical and adult-use marijuana, professional sports leagues have been gradually easing their once-zero tolerance attitudes toward the substance.

The NBA stopped random drug testing for marijuana in recent years, checking for the banned substance only if there was probable cause to do so.

Suspensions would occur if a player tested positive three times in a row.

The National Football League donated $1 million last year to research into pain management and cannabis.

In October, Colorado-based Charlotte’s Web CBD became Major Baseball League’s first official cannabidiol sponsor.

WNBA star Brittney Griner was imprisoned in Russia last year after authorities found vape cartridges containing hash oil in her luggage.

Despite marijuana still being federally illegal in the United States, the White House classified the player as “wrongfully detained.”

Griner was freed in December through a prisoner exchange for convicted arms dealer Viktor Bout.

NBA shift reflects public opinion

Paul Haagen, co-director of the Center for Sports Law and Policy at Duke University, said the NBA’s former drug policy was created to counter public perception that basketball players abused recreational drugs.

“Assuming that the rumors are true, and that the new (collective bargaining agreement) will remove cannabis from the list of prohibited substances, it would constitute a belief by the League that public attitudes toward cannabis have changed enough that it is no longer a sufficient issue for the League that it is worth any continued conflict with the players over it,” he told MJBizDaily via email.

The players union could have advocated for the change on behalf of players, but Haagen said he hasn’t seen evidence of that.

“It seems more likely that the League believes that continuing to test for cannabis and otherwise restrict players in relation to it, both created unnecessary conflict with the players and may even have made the League seem out of touch with changing social norms,” he said.

And because marijuana prohibition has disproportionately impacted people of color in some communities, Haagen said, there are “especially strong reasons for the NBA to decide not to be part of those efforts.”

Harrington has previously said that lifting the ban was important to players.

On Saturday, sports and culture web show The Shift posted a clip on Twitter from a previously recorded interview with the cannabis entrepreneur and former NBA player in which he predicted the ban would be lifted because so many players are already using marijuana.

“I think it’s very important for the players, I think with this next collective bargaining agreement that’s coming up in the next year or so, I think it’s going to be a very big point that the players are going to push across the line,” he told The Shift.

“Most players are now using openly. I’ve seen players walk into dispensaries, which I never thought that I would see.”

The Phoenix Suns’ Kevin Durant is likely the best-known example.

In May, Durant – who has a content partnership with California-based cannabis platform Weedmaps – appeared on the Netflix show “My Next Guest Needs No Introduction with David Letterman” and talked about the misunderstandings involving marijuana.

“To me, it clears the distractions out of your brain a little bit, settles you down,” he said. “It’s like having a glass of wine.

“I’m actually high right now.”

Source: https://mjbizdaily.com/nba-to-allow-players-to-promote-invest-in-and-consume-cannabis/

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

AI & Technology

Amazon Faces Potential Criminal Trial in Italy Over €1.2 Billion Tax Evasion Allegations

Published

on

By

Milan: U.S. tech giant Amazon is facing the prospect of a major legal showdown in Italy, after prosecutors in Milan formally requested a court to move forward with criminal proceedings over alleged tax evasion totaling approximately ₹12,500 crore (€1.2 billion).

The case targets Amazon’s European division along with four senior executives, marking one of the most significant tax-related investigations involving a global e-commerce platform in Europe.

Trial Push Despite Multi-Million Euro Settlement

The move comes even after Amazon reached a financial settlement with Italian tax authorities in December, agreeing to pay around ₹5,500 crore (€527 million), including interest, to resolve part of the dispute.

Typically, such settlements lead to the closure of criminal investigations. However, Milan prosecutors have opted to proceed, signaling a tougher stance on alleged corporate tax violations.

A preliminary hearing is expected in the coming months, where a judge will decide whether to formally indict the company and its executives or dismiss the case.

Allegations of VAT Evasion Through Marketplace Sellers

At the center of the investigation are claims that Amazon’s platform enabled non-European Union sellers to avoid paying value-added tax (VAT) on goods sold to Italian consumers between 2019 and 2021.

Prosecutors allege that the company’s marketplace structure allowed thousands of foreign vendors—many reportedly based in China—to operate without fully disclosing their identities or tax obligations. This, authorities argue, led to substantial VAT losses for the Italian government.

Under Italian law, online platforms facilitating sales can be held partially liable if third-party sellers fail to comply with tax requirements, a key point in the prosecution’s case.

Italian Government Named as Affected Party

In their filing, prosecutors identified Italy’s Economy Ministry as the injured party, citing significant financial damage resulting from the alleged tax evasion.

Legal experts say the outcome of the case could have wide-ranging implications across the European Union, where VAT systems are harmonized and similar compliance rules apply to digital marketplaces.

Multiple Investigations Add to Pressure

The VAT probe is just one of several legal challenges facing Amazon in Italy. The European Public Prosecutor’s Office is reportedly examining additional tax-related issues covering more recent years.

Meanwhile, Milan authorities are pursuing separate investigations into alleged customs fraud linked to imports from China and whether Amazon maintained an undeclared “permanent establishment” in Italy—potentially exposing it to higher tax liabilities.

In a separate regulatory action, Italy’s data protection authority recently ordered an Amazon unit to stop using personal data from over 1,800 employees at a warehouse near Rome.

Amazon Denies Allegations

Amazon has consistently denied wrongdoing and indicated it will strongly contest the allegations in court if the case proceeds. The company has also warned that prolonged legal uncertainty could impact investor confidence and Italy’s appeal as a destination for international business.

Broader Impact on Europe’s Digital Economy

If the case moves to trial, it could become a landmark moment for the regulation of global e-commerce platforms in Europe. Governments across the region are increasingly scrutinizing how digital marketplaces handle tax compliance, especially in cross-border transactions.

With online retail continuing to expand, regulators are under mounting pressure to ensure that multinational platforms and third-party sellers adhere to the same tax rules as traditional businesses.

Continue Reading

Aviation

IndiGo Crisis Exposes Risks of Monopoly: What If Telecom or E-commerce Collapses Next?

Published

on

By

Airports across India witnessed scenes of distress and confusion as thousands of passengers were stranded due to IndiGo’s massive flight disruptions. Families with medical emergencies, funerals, and personal crises were left helpless as the airline cancelled hundreds of flights without adequate communication or support.

Passengers described desperate situations — a mother pleading for sanitary pads for her daughter, a woman unable to transport her husband’s coffin, and others stranded while trying to reach family funerals or hospitals. “It was like a lockdown at the airport,” one passenger said, describing the panic that unfolded as IndiGo’s mismanagement crippled operations nationwide.

Root Cause: IndiGo’s Market Monopoly

The turmoil, industry experts argue, stems from IndiGo’s monopolistic control over India’s domestic aviation market. The airline operates nearly 2,100 flights daily and holds around 60% market share — meaning every second plane flying within India belongs to IndiGo.

This dominance has given the company unparalleled influence. When IndiGo falters, the entire aviation system suffers. Passengers are left with few alternatives, as other airlines lack capacity to absorb stranded travellers. The result: skyrocketing ticket prices, chaos at terminals, and total dependence on a single private operator.

Aviation pioneer Captain G.R. Gopinath, founder of Air Deccan, criticised the government’s inaction, noting that on some routes, IndiGo’s economy fares surged to ₹1 lakh. He compared the situation to a hostage crisis, writing that the airline “held the system ransom” and forced regulators to defer new safety rules meant to protect pilots and passengers.

Government Intervention and Regulatory Weakness

The crisis erupted after IndiGo failed to comply with the Flight Duty Time Limitations (FDTL) — rules introduced by the DGCA in January 2024 requiring adequate rest for pilots. Despite having nearly two years to adapt, IndiGo blamed the rule for operational disruptions, citing a shortage of pilots.

Under mounting public pressure, the government stepped in, temporarily relaxing FDTL norms and capping airfare hikes. Officials claimed the move was to protect passengers, but analysts say it exposed the state’s vulnerability to corporate monopolies. “The government had no option but to yield,” said one aviation policy expert, pointing out that ignoring safety regulations for short-term relief could have long-term consequences.

The crisis also rekindled memories of the June 2025 Air India crash near London, which claimed over 240 lives. Experts warn that compromising pilot rest and safety standards to maintain flight schedules could risk another tragedy.

If Telecom Giants Fail: A National Paralysis

The article raises a troubling question — what if a similar crisis struck the telecom sector, where Jio and Airtel together control nearly 80% of subscribers and serve over 780 million users?

If both networks failed simultaneously, the repercussions would be catastrophic. Internet shutdowns would halt UPI transactions, online banking, OTP verifications, video calls, OTT streaming, and emergency communications. Critical services such as airports, hospitals, stock exchanges, and small businesses — many of which rely on WhatsApp and digital payments — would come to a standstill.

In essence, a telecom breakdown could paralyse India’s digital economy, exposing the nation’s dependence on a duopoly.

E-commerce Monopoly: Another Fragile Ecosystem

The same risk looms over the e-commerce sector, where Amazon and Flipkart dominate nearly 80% of the market. A disruption similar to IndiGo’s could cripple daily life — halting delivery of groceries, medicines, and essential goods, freezing refunds and customer support, and leaving small sellers without platforms to trade.

Local retailers, freed from competition, might exploit shortages by inflating prices. Such a scenario underscores the perils of market centralisation in sectors critical to everyday living.

A Wake-Up Call for Regulators

The IndiGo crisis, analysts say, is a warning shot for policymakers and regulators. A single company’s operational failure exposed systemic weaknesses in India’s infrastructure and consumer protection mechanisms.

As the aviation regulator DGCA investigates and IndiGo works to restore normalcy, the broader lesson remains clear: unchecked monopoly power in any essential service — whether air travel, telecom, or e-commerce — poses a direct threat to economic stability and citizen welfare.

Without stronger competition laws, redundancy frameworks, and regulatory oversight, India risks repeating this crisis across multiple sectors — each time with millions of citizens paying the price.

Continue Reading

Trending

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