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Survey: Majority of CISOs Aren’t Getting Cyber Investments They Want

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Montana marijuana businesses can breathe a bit easier after local elections Tuesday, when voters rejected a proposed ban on adult-use businesses in the state’s most populous county.

State residents also approved 12 cannabis-related tax measures in various counties, signaling further voter approval of the marijuana industry.

In Yellowstone County, which is home to Billings and is easily the state’s most heavily populated county, voters nixed a proposed ban on recreational marijuana sales.

The ballot question lost, with 58% of voters opposed, according to data from the Montana Secretary of State’s office.

In addition, various sales-tax measures for both adult-use and medical marijuana – all amounting to about a 3% tax – were approved in Big Horn, Blaine, Carbon, Gallatin, Lake, Lewis and Clark, Powell, Ravalli, Richland, Roosevelt, Rosebud and Silver Bow counties.

“It will give more stability to the industry here,” Rich Abromeit, the president of the pro-marijuana campaign Better for Montana, said of the election results.

Abromeit, a longtime medical marijuana businessman and owner of Montana Advanced Caregivers in Yellowstone County, helped organize 22 local cannabis companies to stave off the countywide ban.

“We’re feeling really good. The voters have been heard, for a fourth time here in Yellowstone County,” Abromeit said. “The people want cannabis in their communities.”

Montana voters approved adult-use marijuana legalization in November 2020. Recreational sales began in January of this year.

The 2022 MJBiz Factbook projects adult-use sales this year will total $215 million to $265 million and reach as much as $300 million by 2026.

Industry sees one loss

Despite Tuesday’s string of victories, there was one industry loss in western Montana’s Granite County, where 53% of voters backed a ban on adult-use sales.

But industry insiders noted the county’s tiny population of 3,325.

Also, Tuesday’s voter turnout of only 1,355 in Granite County suggested the ban could be reversed in the future. The result also affects only one adult-use retailer in that county, industry insiders said, so it’s not viewed as a hefty blow to the marijuana community.

The added sales taxes at the local level, meanwhile, aren’t a welcome development for all business owners, said Kate Cholewa, a lobbyist and spokesperson for the Montana Cannabis Industry Association.

“It’s one of those things where cannabis businesses are just like any other business: They have to decide to what extent they pass that on to the consumer or to what extent they eat it,” Cholewa said of the 12 county cannabis taxes that were on the ballot.

“This does create more pressure in a time of great pressure.”

Additional growth?

Pepper Petersen, the president and CEO of the Montana Cannabis Guild, said he believes the election results Tuesday will spur more industry growth in the state.

Petersen predicted that more operators would expand into Yellowstone County now that the marijuana landscape appears to be on more solid footing for future development.

“I think we’ll see some more expansion. Some of the franchises that don’t have a footprint in Yellowstone County, I think we’ll see them reach in,” Petersen said, noting that it’s the state’s biggest population center and has the highest marijuana sales taxes and revenues.

And Petersen said he expects companies such as Abromeit’s – which has been based in Yellowstone County for years – to begin expanding as well.

“We’ll see the Yellowstone County businesses expanding, now that they have more assurances they won’t be shut down,” Petersen said.

“They’ve been waiting for some finality before a lot of people make additional investments, and this vote (Tuesday) may have given that to them.”

More changes ahead?

Looking forward, all three industry officials said they expect future tweaks to Montana’s marijuana laws.

Abromeit said he’s been talking with other cannabis company owners about taking further action to change, for instance, a portion of state law that prevents business owners from selling their cannabis companies.

Abromeit also wants to target a residency requirement for marijuana business ownership that he said is behind the times.

Cholewa said there’s been discussions to change the state law that allows for local cannabis ballot measures to go before voters essentially every election.

She noted the law could create constantly shifting regulatory landscapes if marijuana advocates and prohibitionists keep changing local statutes back and forth every few years.

“Should every municipality and county in Montana have the right to pull the rug out from under extraordinary investments every two years?” Cholewa asked rhetorically. “That’s what happened in Granite County.”

“There’s a conversation – not in the Legislature yet – but whether we want to bring that to the Legislature to talk about that.”

Source: https://mjbizdaily.com/montana-marijuana-industry-notches-victories-in-local-elections/

Business

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

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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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AI & Technology

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

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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.

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Aviation

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

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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.

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