Business
Nevada marijuana companies cite big wins from legislative session
Nevada cannabis operators and other stakeholders lobbied for structural changes to the state’s adult-use and medical marijuana programs, and the legislature answered by approving several industry-friendly bills during its most recent session.
The industry-backed changes signed into law last month by Gov. Joe Lombardo included eliminating and capping various fees, reassessing penalties for operating violations and creating a dual license for retailers serving both medical patients and recreational consumers.
The policy overhauls, which garnered bipartisan support in Nevada’s Democrat-controlled Legislature, will save some operators tens of thousands of dollars per year in business expenses while significantly expanding retail access, industry insiders told MJBizDaily.
“As the legal cannabis industry continues to evolve and look for ways to better serve consumers with safe and affordable products, we are grateful that our state legislators and Gov. Lombardo responded with a slate of supportive legislation,” said Scot Rutledge, a partner at Argentum Partners, a government affairs and marketing firm based in Reno.
The developments come as Nevada posts cannabis sales well below the peaks seen in 2021, and industry executives prepare for the highly anticipated rollout of consumption lounges, primarily in Las Vegas.
Fines and fees
Through Senate Bill 195, the Nevada legislature granted cannabis operators reprieve from excessive fees, penalties and other compliance costs.
Key provisions of the bill include:
- Eliminating the regulatory practice of “stacking” charges or violations. Under the new law, operators will be cited for a single violation rather than multiple citations for the same offense.
- Eliminating the regulatory practice of “time-and-effort” billing, in which licensees were charged high hourly rates by the state’s Cannabis Compliance Board (CCB) for routine audits, inspections and investigations.
- Lowering the maximum penalty for any single business violation from $90,000 to $20,000.
Under the prior system, stacking violations could lead to outrageous fines, according to Layke Martin, executive director of the Nevada Cannabis Association.
In one example she cited, the state fined a dispensary $40,000 following a complaint about lack of paper towels in a bathroom.
“If you look at some of the complaints in Nevada, you will see that they were most often in the six figures,” she said.
“Many of the times, they were for administrative violations.”
Under SB195, the CCB is also prohibited from invoicing cannabis businesses and applicants for so-called “time-and-effort” charges for normal business interactions with regulators, including document reviews and compliance inquiries. In Nevada, that rate was set at $111 per hour.
Last year, Nevada cannabis operators paid $1.7 million in time-and-effort charges, Martin said.
The new law mandates that regulators only bill operators for costs and charges authorized by state statute.
Opponents criticized the prior policy for essentially double-charging marijuana businesses since the CCB’s annual budget of about $10 million is entirely funded through cannabis excise taxes.
“We saw a 500% increase in time-and-effort billing to the industry over the past few years,” Martin said.
“I have one licensee in our in our membership who was billed $47,000 over the course of the year.”
The goal of these changes is to alleviate some of the economic burden on operators and incentivize compliance and cooperation, according to Melissa Waite, a Las Vegas attorney with the law firm Dickinson Wright.
“Cannabis operators hope SB195, coupled with other changes during the session, will provide more certainty and fairness in the disciplinary process,” she said.
Omnibus bill ushers in wholesale changes
Senate Bill 277 not only provides new benefits for consumers, retailers and the state’s supply chain, it reduces maximum fees for nearly every marijuana license, as outlined in legislation sent to the governor for his signature.
Last-minute amendments to increase some of those maximums were met with fierce industry resistance, insiders told MJBizDaily.
“The result was that the fees for initial licensing and renewal of an adult-use cannabis license were reduced, except for the initial issuance of an adult-use retail license, which remains unchanged at $20,000,” Waite said.
“The bill includes many other changes that undoubtedly benefit the industry.”
Other stipulations of the omnibus bill include:
- The creation of a dual license for medical and recreational retailers, allowing them to serve any type of customer.
- Increasing the purchasing limits of flower from 1 ounce to 2.5 ounces.
- Increasing the purchasing limits of cannabis concentrates from an eighth of an ounce to a quarter of an ounce.
About one-third of Nevada’s 100 cannabis retailers will benefit from the dual-license designation, allowing them to serve both adult-use and medical consumers.
The state had roughly 12,500 medical marijuana cardholders at the end of May, according to the latest figures from the state’s Department of Health and Human Services.
More than 100 cultivators, processors and distributors also will benefit from the expanded market, according to the CCB.
Unique factors led to big changes
The bundle of approved cannabis-related legislation also included:
- Establishing a working group to study psychedelics.
- Creating an employment path in the industry for former convicts.
- Revising the excise tax on wholesale cannabis to 15% of the actual sales price, rather than 15% of the “fair market value” set by the Nevada Department of Taxation. Fair market value often inflated the actual cost of goods sold, industry representatives said.
CCB Executive Director Tyler Klimas credited lawmakers for taking an aggressive approach to mitigate some of the industry’s biggest pain points and acknowledging what many states have yet to do.
“This is a recognition that the cannabis industry is a significant player in the state’s economy,” he told MJBizDaily. “And we’re evolving appropriately.”
The proliferation of bills also is partly a consequence of state lawmakers convening every other year to pass legislation, as well as the industry coalescing to address specific challenges.
“I think everyone has expectations and is comfortable with the idea that every two years, we’re going to come back and tweak things as the industry evolves,” Martin said.
“And then, we come back and try to fix what we can in a four-month time period.”
Source: https://mjbizdaily.com/nevada-marijuana-companies-cite-big-wins-from-legislative-session/
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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