Business
The Global Cannabis News Report – Irish Eyes Are Smiling, Spain Bags a Record, and Shrooms in Jamaica
Cannabis and psychedelics are making news worldwide
Spanish Police Confiscate Biggest Amount of Cannabis in History
Early in November, the Spanish Civil Guard reported that they successfully seized some 30 tons of cannabis during raids in Toledo, Valencia, Ciudad Real, and Asturias.
According to the police, this is the biggest haul they have ever made in history; it was a combined total of 32 tons worth a cool $63.74 million. The raids, called Operation Gardens, were carried out on several farms around the country. A total of 20 people were arrested, all of whom worked collectively to dry the plants and transported them to other parts of Spain as well as around the European Union, including Belgium, Germany, Holland, and Switzerland.
“The Civil Guard has seized the largest cache of packaged marijuana found so far,” they said in a statement. “It was equivalent to approximately 1.1 million plants,” they added.
Magic Mushrooms Has Potential To Boost Jamaica’s Tourism
Several Jamaican accommodations are now promoting psychedelic retreats through magic mushrooms, which contain psilocybin, a powerful hallucinogenic compound that is widely being used for stress relief and the treatment of many mental health disorders. As magic mushrooms was never made illegal in the Caribbean country, they are now trying to attract investors to help boost the psychedelic industry in Jamaica.
Reuters reports that there are at least 4 resorts in Jamaica that are now promoting magic mushrooms. Three of them were just established in the last few years since the government has given the green light for psychedelic use and promoted private investment to this niche sector. Representatives of the Jamaica Promotions Corporation disclosed to Reuters that there is clearly opportunity. “How we position this particular tourism experience will more than likely be aligned with the health and wellness industry,” Gabriel Heron told Reuters.
In the United States, going on psychedelic retreats is already highly in demand. People pay thousands of money to go on these healing, spiritual retreats which take place in beautiful resorts all over the country, and now you can count on Jamaica for that too.
Thai Government Considering Curbing Recently Decriminalized Marijuana
Last June 2022, Thailand became the first Asian nation to decriminalize marijuana completely. Thousands of Thai citizens celebrated this pivotal event, which quickly attracted many tourists to boost the tourism industry as they flocked to newly-opened dispensaries selling recreational marijuana to adults.
It was not without hurdles, as the decriminalization happened too quickly and without proper regulation, and this didn’t stop cannabis businesses from opening and operating. It’s still a success, nonetheless.
However, the government thinks it may have been a mistake.
This has resulted in a rally in Bangkok’s Government House last week, as hundreds of supporters of the new marijuana laws protested against taking back decriminalization. Public Health Minister Anutin Charnivikul was the main proponent of legalizing medical marijuana because of its potential economic benefits specially for Thai cannabis farmers, though there have been no regulatory legislations passed so far, reports The Associated Press.
Bangkok has seen dozens of marijuana shops pop up since June, as well as online dispensaries and stalls around the country. The police made it clear that marijuana consumption should only be done in private though these laws have not been followed. The rally last week called for farmers as well as cannabis shop owners who are risking the loss of their business, though many cannabis enthusiasts joined in as well.
“We want to ensure that these politicians are not trying to put cannabis on the narcotics list again. If that happens, our fight for years will mean nothing,” said Akradej Chakjinda to The Associated Press.
Since June, the government has said time and again that the legalization of marijuana was intended for commercial and medical use, and not recreational. The draft bill did not make it black and white; it banned smoking in public but failed to mention that recreational use was prohibited. After a wild ride the past few months, cannabis entrepreneurs in Thailand now worry what politicians will do.
UK Medical Cannabis Platform Seeks To Improve Patient Access
In the United Kingdom, medical cannabis use has been legal for many years now.
However, patient access to the drug is notoriously difficult. One of the many challenges faced by patients is being able to find a trusted doctor who can prescribe them the cannabis they need. To solve this issue, GP Dr. Leon Barron has launched a platform called The Cannabis Directory.
The Cannabis Directory aims to simplify the process of prescribing cannabis medications while streamlining the steps needed for current MMJ patients to locate a specialist. Patients can now use both the website and app to stay on top of treatment, while being able to share progress with their physician in real-time.
“We created the Cannabis Directory to remove some of the unnecessary bureaucracy in obtaining a medical cannabis prescription in the UK and to make it easier for patients to find trusted specialists,” said Dr. Barron. “Patients have a straightforward, independent route to find a trusted doctor via the Directory. We also provide GPs with an easy to navigate and trusted referral pathway for prospective patients,” he explained.
Ireland Considers Legalizing Recreational Marijuana
Ireland has just recently announced they are considering legalizing cannabis for personal use.
Currently, the Misuse of Drug Act which was established in 1977 allowed adults 18 and up to possess up to 7 grams of marijuana, or 2.5 grams of hashish/resin. However, the bill never discussed cultivation and sale of cannabis, which is why citizens of Ireland have had no choice but to turn to the black market.
To amend the bill, authorities need to debate on it, which may happen early next year.
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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