Legal regulation of financial transactions in the cannabis sector is needed for CBD producers like Veritas Farms Inc. (OTC: VFRMD) to prosper
Medical cannabis sellers are “at the mercy” of banks, which can close their accounts at any time. The recent passage of a law in the House of Representatives facilitating access to the banking sector for marijuana professionals is just a first step forward.
Medical cannabis is legal in 33 states. Eleven states and the American capital have legalized its sale for recreational use. However, according to the federal law cannabis is still a hard drug, just like cocaine, and banks are afraid of money laundering charges if they work with marijuana professionals.
Even after passing the Farm Bill in December 2018 legalizing hemp on federal level, not all banks accept transactions of CBD companies either. But even though the financial sector is reluctant, the hemp business is growing at a continuous pace and CBD companies seem to do well.
Veritas Farms Inc. (OTC: VFRMD), a CBD company with production facilities in Pueblo, Colorado, was founded in 2015 and has already recorded a tremendous growth after just four years of operations. They generated over $2.9 million in total revenue by Q2 2019, that’s a 500% increase compared to Q2 2018, with gross profits increasing by almost 800% to $1,523,413. The company produces eight categories of hemp oil products which are available at 4,500 retailers across the U.S. including 1,350 Kroger Family of Stores locations and online. Veritas products are becoming increasingly popular thanks to their transparency, honesty and focus on high quality – recently they have released a unique QR code packaging allowing customers to check product quality directly on their smartphones.
But companies’ commercial success is not enough for the banks. There are very few banks that would accept a cannabis company as a customer. Transactions happen mostly in cash and it takes several days for the money to be deposited in the account. This affects paying invoices on time or employees’ salaries.
The bank account, which can be closed if the bank has a doubt about the legality of transactions, is mainly used for cryptocurrency payments from buyers, and it cannot contract any credit, as large networks refuse high-risk customers.
A first step
Banks’ reluctance is a problem for companies that deal with cannabis businesses too. According to Jenn Michelle Pedini, development manager at NORML, one of the leading pro-cannabis lobbies, recalls her own experience is this matter. Her company helped a cannabis seller open their business and afterwards, she had problems with the administration.
Yet the cannabis sector is expanding quickly: it generates more than $10 billion in revenues and could reach $56 billion by 2025, according to pro-legalization lobbies. The American cannabis market is also attracting investors from Canada where cannabis is legal since October 2018. For example, GreenStar Biosciences Corp. (CSE: GSTR) invested in a Washington state-based producer of recreational cannabis, Cowlitz, and the company already brings results. Last year (2018), Cowlitz recorded over $14 million in revenue after five years of operations. GreenStar aims at building a diverse portfolio of cannabis companies touching at every aspect of the product life cycle. Their experienced management team specializes in selecting and guiding most promising marijuana businesses to success.
However, despite the interest from foreign companies, out of the 11,000 banks and credit institutions in the United States, only 700 work with cannabis-related companies, according to the Treasury Department.
Last week, the House of Representatives passed a law that aims at protecting cannabis professionals and associated companies from possible legal or tax consequences by the federal government. The SAFE Banking Act reduces the risk of burglary or violent robbery in an area where transactions are done with. The opponents of the law however, claim that the act will provide easier access to the financial sector for drug cartels. But Tanner Daniel, the Congressional Relations Officer for the American Bankers Association (ABA), thinks that this is a “small necessary step forward”.
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To Find Out secrets of black hole and another curious objects , NASA launches X Ray observatory
IXPE, the primary space X-beam observatory of its sort, has been worked to concentrate on probably the most enthusiastic articles known to mankind amazing molecule jets regurgitating from taking care of dark openings, the remainders of detonated stars, and considerably more.
SpaceX dispatched the space apparatus on its $214 million mission from Kennedy Space Center.
NASA’s most up to date X-beam observatory soared into space Thursday to reveal insight into detonated stars, dark openings and other vicious high-energy situation developing in the universe.
The National Aeronautics and Space Administration (NASA) on December 9, 2021, dispatched another X-Ray mission that targets opening the insider facts of the dark opening and other outrageous inestimable items. NASA’s new X-beam space observatory is one of its sort and is known as the Imaging X-beam Polarimetry Explorer or IXPE.
The mission to dispatch NASA’s X-Ray observatory took off at 1.00 am EST on board SpaceX’s Falcon 9 rocket at Kennedy Space Center in Florida. The aggressive mission is a joint effort among NASA and the Italian Space Agency. While reporting the dispatch via web-based media, the US Space Agency said that the new journey will open the mysteries of probably the most vigorous articles, from dark openings to neutron stars.
Researchers said the observatory — really three telescopes in one — will divulge the most sensational and outrageous pieces of the universe as at no other time.
The primary space X-beam observatory of its sort, IXPE has been worked to concentrate on the absolute most vigorous items known to man incredible molecule jets regurgitating from taking care of dark openings, the leftovers of detonated stars, and substantially more.
The mission to dispatch NASA’s X-Ray observatory took off at 1.00 am EST on board SpaceX’s Falcon 9 rocket at Kennedy Space Center in Florida. The driven mission is a joint effort among NASA and the Italian Space Agency. While declaring the dispatch via web-based media, the US Space Agency said that the new journey will open the privileged insights of probably the most vigorous articles, from dark openings to neutron stars.
The dispatch of IXPE has likewise denoted an intense and exceptional advance forward for the X-beam cosmology. It will likewise illuminate the analysts and researchers more with regards to the exact idea of Cosmic X-beam sources that can be learned by concentrating on their brilliance and shading range alone.
Concerning NASA’s X-Ray observatory-IXPE
IXPE will likewise be the US Space Agency’s first mission to investigate the polarization marks of an assortment of X-beam sources.
NASA’s IXPE incorporates three indistinguishable space telescopes with touchy identifiers that are equipped for estimating the polarization of inestimable X-beams. Each telescope has a bunch of settled, chamber molded mirrors that will gather X-beams and will take care of them to an identifier that catches an image of approaching x beams and measures both the course and measure of polarization.
IXPE or Imaging X-beam Polarimetry Explorer isn’t quite as large or solid as the Chandra x-beam observatory-NASA’s lead X-beam telescope. Notwithstanding, as IXPE needs imaging power, it can make up by seeing a part of astronomical X-beam sources that have remained to a great extent neglected up to this point Polarization.
How IXPE will help researchers in opening insider facts of baffling items in space?
The outcome will likewise permit the researchers in addressing the basic inquiries concerning very perplexing conditions in space where the electric, gravitational and attractive fields are at their cutoff points.
Researchers, by examining the energized X-beams with IXPE, will actually want to look further into the design and conduct of divine articles, general conditions just as how the material science of X-beams become.
A bird’s-eye view of farm fires in Haryana, Punjab since 2016
Farm fires remain as spread out as before in Punjab and Haryana, but with a gradual reduction in numbers over the last five years, barring 2020, data show.
Satellites detected nearly one lakh fire counts in 2016 in October and November, more than 40 per cent than 2015.
From then on, the counts came down every year till 2020. The number of farm fires last year was 20 per cent lower than 2016, but 60 per cent higher than 2019.
LESS IN NUMBERS, BUT EXTENSIVE IN AREA
The year 2017 recorded a big drop of 32 per cent in stubble burning across Haryana and Punjab, followed by 24 per cent reduction in 2019, an analysis by India Today’s Data Intelligence Unit shows.
That said, stubble-burning events are extensively spread in Haryana and Punjab despite the announcement of Rs. 2,500 an acre bonus for small and marginal farms rejecting the practice. Additionally, Punjab offers incentives to industries for buying stubble.
According to data obtained from NASA satellites, the peak has been recorded in the month of November, especially its first week, for at least the last six years.
The number of stubble burning cases in the first week of November 2016 alone stood at at 34,910, which was almost 77 per cent higher than the previous year. But the counts declined by 60 per cent in the same period of 2017.
However, the stubble-burning number changes every alternate year in the peak period of November, the DIU analysis revealed. In 2020, for instance, fire counts spurt by 60 per cent in the first week of November. In 2021 though, the cases dropped by nearly two per cent compared to the year ago.
FARM FIRES IN 2021
Considering the number of farm fires in the first week of November, the year 2021 so far ranked third with 27,941 stubble burning events after 2016 and 2020.
If the declining trend holds firm, the two states may end up with fewer cases of farm fires in October-November this year.
Punjab, Haryana, and Uttar Pradesh follow this practice to clear the fields for sowing winter crops from the last week of September to November.
There is brief window of two to three weeks between harvesting paddy and sowing the next crop.
The burning of residue depends on weather and other factors. The phenomenon in a particular period can, therefore, be recorded better through a comparison of total fire events during October and November than through day-to-day incidents.
According to reliable estimates, Punjab alone produces around 200 lakh tonnes paddy stubble. Haryana produces around 70 lakh tonnes of paddy residue every year.
(New source – https://www.indiatoday.in/diu/story/bird-eye-view-farm-fires-haryana-punjab-since-2016-1874897-2021-11-09?utm_source=Partner_aff&utm_medium=Partner_aff&utm_campaign=Partner_aff&utm_id=Partner_aff )
recently recognized mosasaur was a fish-hunting beast
Scientists at the University of Cincinnati recognized another type of mosasaur—an 18-foot-long fish-eating beast that lived 80 million years prior.
UC associate teacher instructor Takuya Konishi and his understudy, UC graduate Alexander Willman, named the mosasaur Ectenosaurus everhartorum after scientists Mike and Pamela Everhart. The mosasaur occupied the Western Interior Seaway in what today is western Kansas.
The disclosure was reported for this present week in the Canadian Journal of Earth Sciences.
The recently distinguished mosasaur checks just the second species in the sort Ectenosaurus.
“Mosasaurs in western Kansas have been all around inspected and well-informed. Those two variables make tall chances when you attempt to discover something new,” Konishi said.
Mosasaurs were gigantic marine reptiles, some as large as school transports. They possessed seas all throughout the planet during the Cretaceous time frame around the hour of Tyrannosaurus rex. On the off chance that Ectenosaurus clidastoides with its long, thin jaws looks like a gharial crocodile, Konishi said the new species is more like a bogus gharial crocodile with prominently blunter jaws.
Konishi, who instructs in the Biological Sciences Department of UC’s College of Arts and Sciences, first experienced the fossil in 2004 while functioning as an alumni understudy in systematics and development. Konishi was considering fossils of Platecarpus, an alternate sort of mosasaur away at Fort Hays State University’s Sternberg Museum of Natural History, when he perceived something odd around one example.
“It was anything but a platecarpus. The front facing bone over the eye attachment was any longer. The bones of Platecarpus ought to have had a more extensive triangle,” he said. “That was one indication.”
Konishi associated the example was a sort with ectenosaur, just a single types of which had been recognized. However, the teeth appeared to be all off-base. The currently unfilled attachments that would have contained the mosasaur’s sharp, bended teeth in the unidentified example would have stretched out around the front of its mouth, not at all like other perceived species that has an innocuous platform, the hard bulge at the front of the mouth.
For quite a long time, the fossils perplexed him.
“A few things simply stick to you and they’re difficult to give up,” he said.
Yet, the secret would need to stand by on the grounds that Konishi was occupied with completing his doctoral certificate and dispatching a scholastic vocation that would carry him to UC’s College of Arts and Sciences.
The first mosasaur fossils were found in the Netherlands 50 years before anybody utilized the expression “dinosaur.” Mosasaurs started to catch the country’s consideration after the Civil War when the country’s head scientistss, Othniel Charles Marsh and Edward Drinker Cope, started to examine Cretaceous limestone in Kansas in an organization that turned into an unpleasant public quarrel. From that point forward, Kansas has gotten widely acclaimed for mosasaur research.
Ages of specialists have come to Kansas to contemplate its examples, which are in plain view at galleries all throughout the planet.
“It’s a well known spot for mosasaur research. It’s very notable,” Konishi said. “So I figured I don’t need to be the person to put a stake. I’m certain somebody will get it. Yet, no one did.”
Ectenosaur is strange for what a small number of examples have been found in the class contrasted with other mosasaurs, Konishi said.
“In western Kansas we have more than 1,500 mosasaur examples. Out of those we can just discover one example each addressing these two types of ectenosaur,” Konishi said. “That is somewhat insane.”
At the point when Konishi affirmed with the Sternberg Museum that no different scientists were contemplating the example, he requested that they transport the fossils to UC. At the point when he opened the cautiously bubble-wrapped substance, his underlying feelings were affirmed.
“By then I had taken a gander at all the other known Platecarpus examples under the sun, so to speak. Furthermore, this example was particular from the others,” he said. “To me it was so self-evident.”
Simultaneously, Konishi’s understudy Willman asked about dealing with an exploration project. He got a UC Undergraduate STEM Experience award to assist with the ordered recognizable proof.
“I was past eager to be essential for the revelation,” Willman said.
The third creator on the investigation, Michael Caldwell, is an educator of science at the University of Alberta, Edmonton.
Willman delineated the fossils in meticulous detail to assist researchers with understanding the morphological contrasts that make the mosasaur extraordinary.
“I was extremely content with how he rejuvenated these wrecked bones,” Konishi said. “It helped present our defense exceptionally persuading to anybody that this is something new that warrants the foundation of another taxon.”
The specialists devoted the venture to the late Dale Russell, whose work has had a significant effect in North American mosasaur fossil science, Konishi said. In any case, they named the mosasaur for the Everharts, a Kansas couple who have gone through over 30 years offering their fossils to historical centers and driving examination field trips in the fossil-rich Smoky Hill Chalk.
“We’re as yet shortly of shock at the news. It’s exceptionally energizing,” Pamela Everhart said.
“It’s a significant privilege,” said Mike Everhart, creator of “Expanses of Kansas” about mosasaurs and other ancient life that possessed the Western Interior Seaway during the Cretaceous Period.
Mosasaurs are extremely uncommon to him, he said.
“The seas would not have been a protected spot for swimming in the Cretaceous,” he said. “Mosasaurs were the top hunter in the sea during those occasions.”
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