Connect with us

Business

Paraguay will start producing and selling marijuana for medical purposes

Published

on

Companies will soon be able to obtain licenses for the production and sale of cannabis plants for medical purposes in Paraguay. World High Life Plc. (NEX: LIFE)is looking to benefit from the European market

2% of all received marijuana will go to the Ministry of Health, after that patients in need will get it for free. In particular, the drug will facilitate the condition of patients with epilepsy and Parkinson’s. In 2017, a law launched a national program in Paraguay. The program is about the use of cannabis herb and its derivatives for medical purposes. At the same time, the State began to procure cannabis oil for medical purposes.

The use of cannabis as a drug is legal in Argentina, Chile, Colombia, Mexico, Peru, and Puerto Rico. In Bolivia, Costa Rica and Ecuador, personal use is ok, but with restrictions.

Uruguay is the first country in the world to legalize the sale, use, and cultivation of cannabis herb.

Paraguay’s Congress passed a bill creating a state-sponsored system

Paraguay’s congress has passed a bill making it possible to import marijuana seeds and grow the plant for medical uses. A decision that follows the trends set by other countries in Latin America.

The landlocked South American nation had authorized the importing of cannabis oil in May under the control of the health ministry. Patients celebrated Tuesday’s decision for making it more readily available.

“We are very happy because this will also allow for the import of seeds for oil production,” said Roberto Cabanas, vice president Paraguay’s medicinal cannabis organization. His daughter has Dravet syndrome and the family was paying $300 a month for imported cannabis oil.

Peru, Chile, Argentina, and Colombia had already legalized marijuana for medical purposes. Uruguay has fully legalized growing and selling marijuana for any use.

The health ministry will sign the bill by the executive soon. Growing marijuana for recreational purposes in Paraguay is illegal, yet the country is a key source of illegal marijuana trafficked into Brazil and Argentina.

Paraguay’s booming marijuana export traffic attracting gangs and violence

Paraguay is a global marijuana powerhouse: The small South American country produces 9 percent of the world’s supply. But until recently, it wasn’t common to see drug raids or hear helicopters thumping overhead in search of plantations. That’s all changing.

Last June, Brazilian gang members killed Paraguay’s most prominent crime lord. He left behind a burgeoning marijuana and cocaine empire that is quickly becoming one of South America’s biggest drug-trafficking headaches, and the fight to control that trade is proving far more vicious than Paraguayan officials anticipated.

With thousands of square miles of farmland, Paraguay has a stable, agriculture-based economy – and the world’s fourth-largest crop of marijuana.

The investment company World High Life (NEX: LIFE)has recently made moves to acquire Britain’s top hemp producer, Love Hemp, in a transaction involving all shares valued at 9 million GBP.

WHL plans to help Love Hemp expand into other European markets, starting with Germany in 2020. Love Hemp produces a variety of CBD products such as sprays, vapes, oils, edibles, CBD-infused beverages, and cosmetics, and sells its products in 1,200 UK high street stores. The European medical cannabis market is predicted to be one of the most valuable in the world and will key a key export destination for Latin American countries.

Even so, Paraguay has traditionally lacked the rampant violence and corruption that has allowed expansive drug-trafficking organizations to take hold in other parts of South America. But its porous borders and central position on the continent, among other factors, have begun to attract increasing attention from major drug gangs.

Less than one percent of Paraguay’s population consumes marijuana, according to the country’s National Anti-Drug Secretariat, or SENAD. Viewing it instead as a high-risk, high-reward cash crop with a better yield than soybeans, one of the country’s main legal exports. That means nearly all of the marijuana grown in Paraguay enters the international black market, SENAD said.

Officials there said about 20 percent of Paraguay’s marijuana export to south Uruguay, Argentina, and Chile. Each country’s main supply of the drug – or west to Bolivia. The other 80 percent crosses the border to Brazil. Various gangs purchase it and distribute it throughout the country.

Hannah Barwell is the most renowned for his short stories. She writes stories as well as news related to the technology. She wrote number of books in her five years career. And out of those books she sold around 25 books. She has more experience in online marketing and news writing. Recently she is onboard with Apsters Media as a freelance writer.

Continue Reading
Advertisement

Business

Bitget Welcomes Everdome (DOME) to its Growing List of Tokens

Published

on

By

Victoria, Seychelles, January 12th, 2024, Chainwire

 

Bitget, the world’s leading cryptocurrency exchange and Web3 company, is thrilled to announce the latest addition to its platform, Everdome (DOME). Everdome, a groundbreaking project with a commitment to redefining virtual reality experiences, is now available for trading on Bitget.

Everdome envisions a metaverse where users can explore, create, and interact in an immersive virtual environment. The project is built on cutting-edge technology, as outlined in their detailed white paper. With a focus on providing a seamless blend of reality and virtual worlds, Everdome aims to revolutionize the way we perceive and engage with virtual reality.

Gracy Chen, Managing Director of Bitget, expressed, “Everdome aligns with our vision for a diverse and dynamic crypto ecosystem. We’re proud to support projects that push the boundaries of innovation, and Everdome is a stellar example. This listing reinforces Bitget’s commitment to providing our users with access to cutting-edge tokens and technologies.”

Users can now trade Everdome (DOME) on Bitget’s platform, taking advantage of its user-friendly interface, robust security features, and advanced trading tools. To start trading EDO and exploring the future of virtual reality, visit Bitget.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

 

Contact

Rachel Cheung
[email protected]

Contact Details

Name : PRDots Advertiser

Email : [email protected]

Phone Number : 9719900886677

Company Name : PRDots

City : Dubai

Country : UAE

Source

Continue Reading

Business

Overlooked Human Nature VS Amplified Fi

Published

on

By

Singapore – In recent times, various market sectors have been flourishing, with Inscription making its mark and Solana making strides with DePIN in tow. These developments have sparked a consensus: the bull market is finally here. Veteran investors are pondering where the sector will rotate to next and where they should concentrate their focus. Amidst the hype surrounding Layer 2 (L2) and Inscription, this press release sheds light on GameFi, an emerging sector with untapped potential.
 

I. Human Nature to the Left, GameFi to the Right

 

GameFi, as a concept, often conjures thoughts of past successes and failures. On one hand, there are AAA blockchain games that have attracted substantial investments but struggle to deliver. On the other hand, Play-to-Earn (P2E) mining games promise lucrative returns but are ensnared in a cycle of “Buy NFT → Complete Tasks → Earn Tokens.” This repetitive loop is akin to a strange cycle of “mining, withdrawing, and selling.”

 

Designers who adhere to this cycle often assert that people are driven by greed and will mindlessly follow any project that caters to their monetary interests. While greed is indeed a part of human nature, it’s crucial not to overlook the fact that human nature encompasses a broader spectrum of needs.

In Abraham Maslow’s hierarchy of needs, the desire for wealth and possessions represents a safety need, one of the most fundamental and lower-level needs. Higher-level needs include a sense of connection, respect, and self-actualization.

 

In practical terms, this can be understood as follows:

 

Imagine being offered $500 a day for a job you detest, with constant unpaid overtime, leaving no time for personal life. How long could you endure this situation? Would you sacrifice social interaction and passion for financial gain? Wouldn’t there come a point when you pondered the meaning of life and questioned what comes after accumulating enough wealth?

 

This isn’t to suggest that making money is wrong. Rather, it emphasizes that when basic needs are met, human nature naturally gravitates toward fulfilling other needs. To sustain interest and investment, GameFi must cater to these various levels of needs.

 

In the context of GameFi, Finance (Fi) should serve as motivation rather than the sole driving force. This is a fundamental reason behind the sector’s previous setbacks. When numerous projects compete to fulfill the same low-level needs, differentiation becomes challenging. This competition can lead to a growing disconnect from higher-level human needs, resulting in a situation where consumers are forced in one direction while GameFi blindly moves in another.

 

If Finance (Fi) isn’t the path to breakout success, what is?

 

To answer this question, we must redefine “breaking out.” It’s not merely about transitioning from Web3 to Web2 consumers; it’s about addressing different levels of needs in Maslow’s hierarchy. A successful GameFi project must satisfy financial needs while also nurturing social interaction, belonging, and respect.

 

II. 70% Game + 20% Fi + 10% Meme

GameFi possesses immense potential due to the inherent appeal of games throughout human history. Games have evolved with time, meeting diverse human needs. Ancient games strengthened tribal connections and fostered a sense of belonging. The Olympic Games promoted unity among city-states. Modern electronic games immerse players through instant feedback, honor systems, a sense of achievement, and social motivation.

 

While Finance (Fi) emerged in the last decade, games have been deeply ingrained in human DNA. It’s not that games need humans; it’s humans who can’t live without games. GameFi uniquely combines the needs of both gaming and finance, making it well-positioned for success. To determine the optimal balance between gaming and finance, a suggested ratio is 70% Game, 20% Fi, and 10% Meme. Fi serves as motivation, driving users to explore digital currencies and wallets. However, it’s crucial to remember that money alone doesn’t satisfy all human needs; it accounts for just 20%. Higher-level needs, such as belonging and self-actualization, must find fulfillment within the game itself.

Traditionally, discussions surrounding GameFi have centered on playability, emphasizing the importance of fun and excitement. To quantify these qualities, “immersion time” emerges as a more accurate indicator. Immersion time is tied to attention, and the key to maintaining it lies in striking the right balance. Psychologist Dr. Lucy Jo Palladino’s “Attention Curve” illustrates how attention relates to external stimuli. Insufficient stimulation leads to disinterest, while excessive stimulation causes anxiety and, eventually, disengagement. GameFi’s challenge lies in offering enough engagement to keep players immersed.

Instead of obsessing over metrics like players’ farming efficiency, focus should shift to metrics like player immersion time. Ensuring players spend at least three hours a day within the game becomes more relevant. Visual and auditory stimuli can enhance immersion, making games more captivating.

Contact Details

Name : PRDots Advertiser

Email : [email protected]

Phone Number : 9719900886677

Company Name : PRDots

City : Dubai

Country : UAE

Source

Continue Reading

Business

At CES 2024, LG Nova will provide a preview of upcoming startup technology

Published

on

By

At CES 2024, LG Nova will provide a preview of upcoming startup technology

At CES 2024, which is scheduled to take place in January in Las Vegas, LG Electronics’ North American Innovation Center, LG Nova, will provide an overview of the technologies that will drive future growth, the company announced on Monday.

LG’s US division will open its showroom with the theme “Building a brighter tomorrow together” at the yearly consumer electronics show. In four categories—digital health, clean tech, future tech, and smart life—its ten partnering startups will showcase their cutting-edge technological concepts. At the location, in Eureka Park, the showroom will open.

“The upcoming CES will be where we will show LG Nova’s leadership in the global startup ecosystem, and share our visions on future industry,” stated Rhee Sok-woo, senior vice president of innovation and head of LG Nova at LG Electronics.

The ten startup companies that won the “Mission for the Future” idea contest from LG are collaborating with the tech giant to develop their concepts into real businesses. Among the businesses are the virtual clinic XR Health and the artificial intelligence video generator DeepBrain AI.

Since 2021, LG Nova has been at the forefront of the search for new business ventures. It has been organizing an annual competition to identify and support the development of innovative business ideas from worldwide startups.

This year, the company and global asset management and investment advisory firm Clearbrook jointly launched the over $100 million venture capital fund Nova Prime Fund. The fund’s objective is to support businesses that are developing innovations to create a better future.

A group of senior executives and staff with expertise in the AI and mobility sectors will be attending the upcoming CES on behalf of LG Uplus, a prominent mobile carrier connected to the LG Group.

A team overseeing the AI and data product businesses, led by the company’s Chief Technology Officer Lee Sang-yup, will travel to the US for the four-day event, according to LG Uplus. They will attend keynote sessions and showroom tours to learn more about AI and next-generation mobility technologies.

LG Uplus CEO Hwang Hyeon-sik has stated that the company intends to enhance its customer service with generative AI chatbots, as telecom companies compete to launch new products utilizing next-generation technologies. According to Hwang, the company also wants to grow its electric vehicle charging and freight brokerage businesses.

Continue Reading

Trending

error: Content is protected !!