Connect with us

Business

This State Just Green-Lit Cannabis Delivery — Here’s How It Will Work

Published

on

One potentially major stumbling block is that customers must pre-pay online and cannot pay in cash, which will be challenging if not impossible.

On December 9, 2022, the New York Office of Cannabis Management (OCM) released Cannabis Delivery Guidance allowing retail dispensaries, including Adult-Use Retail Dispensary (CAURD) licensees, the ability to deliver cannabis to customers directly in hopes to “jumpstart” cannabis sales before the end of the year.

We previously wrote about the possibility of New York state regulators allowing for the delivery of cannabis to make good on promises to start adult-use cannabis sales this year. This announcement means that adult-use cannabis delivery is just around the corner. This blog will examine how cannabis delivery will work in New York state.

OCM delivery guidance allows the following:

  • Retail licensees may secure a warehouse from which to fulfill delivery orders while building permanent dispensary locations for up to one year.
  • Customers will place online/phone orders only; no in-person sales or pick-up from the warehouse location.
  • Customers will make online pre-payments only; no cash payments from cannabis consumer to delivery employee.
  • Deliveries can be made on bicycles, scooters, cars, or other similar methods of transportation.
  • Delivery to consumers 21+ in New York, with ID verification upon sale and delivery.
  • Up to (25) delivery staff per business, per requirements in the New York Cannabis law.
marijuana joint laptop
Photo by José Antonio Luque Olmedo/Getty Images

This temporary authorization will apply to all retail dispensaries, which indicates that both CAURD and non-conditional retail dispensaries will both be able to allow delivery, at least temporarily and only if this policy remains in place at the time that OCM issues retail dispensary licenses.

One potentially major stumbling block is that customers must pre-pay online and cannot pay in cash. While it’s reasonable that OCM would want to avoid cannabis delivery drivers from traveling with large amounts of cash, online pre-payment will be challenging if not impossible because major credit cards such as Visa, Mastercard, and American Express prohibit the use of their cards for the purchase of cannabis. Cannabis businesses have consistently tried to work around these restrictions for years but each time some enterprising business figures out a way to take payment by card, they are inevitably eventually shut down.

Perhaps, the regulators are betting on the passage of the SAFE Banking Act by the end of this year, which is possible but unlikely at this point. Even if legislation is passed to expand the cannabis industry’s access to financial services, it’s not as if that change will happen immediately. All this means that cannabis sales may remain impossible in light of this payment restriction.

So far, OCM has issued 36 CAURD licenses. As indicated above, no non-conditional retail dispensary licenses have been issued, but OCM has proposed rules on how retail dispensaries will operate. Under the Marijuana Regulation and Taxation Act, there is a separate license specifically for cannabis delivery to consumers. The OCM draft regulations indicate that a retail dispensary license will be able to obtain a delivery license as well. This guidance allows any retail licensee to deliver cannabis without the need for a delivery license for the first year.

Although CAURD licensees can now temporarily deliver under the guidance released Friday, they will have to do so from a location that cannot also serve as a retail storefront because guidance indicates that retail licensees can only deliver and not make in-person sales. This can put licensees in precarious place because they will only be able to deliver for a year and must choose between finding a location that is also zoned for retail sale or find a one-year location that is a more traditional warehouse. Commercial landlords are not eager to provide a lease for a term of one year.

In addition, OCM also announced that CAURD licensees can now submit approval for their own retail store location:

The Office of Cannabis Management additionally informed qualifying business CAURD provisional licensees that they can submit for approval their own proposed location for their retail store and may still qualify for financial support for renovations from the Social Equity Cannabis Investment Fund operated by the Dormitory Authority of the State of New York (DASNY). DASNY will continue the work of securing retail locations and locations will be matched with licensees as they become available.

Previously, CAURD applicants had been instructed not to secure a location as the state indicated that DASNY would provide retail locations for them. Setting up the Social Equity Cannabis Investment Fund has taken longer than anticipated and now OCM is changing course by allowing CAURD licensees that they now can submit their own locations for approval.

cannabis bong
Photo by Daria Kulkova/Getty Images

While this policy change creates a fast track to legalized sales, it also will inherently favor CAURD applicants who are well-funded and can find and lease or buy a location. It’s true that the fund may cover certain renovations at a CAURD proposed location, obtaining those locations will cost money up front, which for CAURD applicants, represents a previously unaccounted for cost.

For now, the reality is that if you are CAURD licensee or CAURD applicant it is in your best interest to start searching for potential locations to store products and coordinate delivery. We have written about key lease terms for New York cannabis businesses here. You can also reach out to one of licensed New York attorneys for additional help.

Daniel Shortt is a corporate and regulatory attorney based in Seattle, Washington who works extensively with entrepreneurs in the cannabis industry. You can contact him at info@gl-lg.com or (206) 430-1336. This article originally appeared on Green Light Law Group and has been reposted with permission. 

Source: https://thefreshtoast.com/news/this-state-just-green-lit-cannabis-delivery-heres-how-it-will-work/

Business

Jio’s 1,600-Satellite LEO Constellation Gets Technical Green Light

Published

on

By

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.

Continue Reading

Business

Alleged Crores Pharma Scam Mastermind Arrested from Surat

Published

on

By

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.

Continue Reading

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

Trending

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