The Kentucky governor’s administration is refusing to release the names of medical marijuana dispensary license applicants, citing ‘preliminary’ status. This decision fuels concerns about out-of-state companies dominating the industry and lacks transparency, prompting a legal challenge and criticism from local farmers.
InterDigital, Inc. (IDCC) exceeded analysts’ expectations in the third quarter, reporting strong revenue growth driven by its consumer electronics and IoT licensing program. The company also raised its full-year 2024 revenue guidance by $145 million, citing increasing momentum across the business. This news sent IDCC shares up over 1.5% in pre-market trading.
In a dramatic escalation of a long-standing legal dispute, Arm Holdings PLC has issued a 60-day cancellation notice to Qualcomm Inc., threatening to sever their licensing agreement. This could force Qualcomm to cease production of Arm-based chips, impacting a vast majority of its smartphone chips, including the new Snapdragon chips powering Copilot+ PCs. The dispute stems from Qualcomm’s acquisition of Nuvia, a chip design company, and the disagreement over licensing terms. The potential fallout could significantly disrupt the smartphone and PC markets, as Qualcomm’s revenue relies heavily on Arm-based chip sales.
Steam, the dominant PC gaming platform, has updated its checkout process to explicitly inform users that they are purchasing a license to play games, not owning the software itself. This move comes in the wake of California’s new false advertising law, which requires digital stores to be transparent about ownership rights.
As Connecticut transitions to recreational cannabis, concerns are emerging about the impact on medical marijuana patients. The state’s cannabis ombudsman, Erin Gorman Kirk, highlights the challenges faced by patients, including limited product availability and high prices. Venture capitalist Matt Hawkins explains how the shift to recreational use often impacts medical programs across the US, and he discusses different licensing models and their implications for investment.
The shift from medical to recreational marijuana use in Connecticut has sparked concern about the welfare of medical patients, as many are finding it difficult to access the high-quality products they need. This article delves into the challenges facing the state’s cannabis industry, including a lack of consistent medication, rising prices, and the potential for predatory practices in the licensing process.
The New York State Office of Cannabis Management (OCM) has introduced a new online mapping tool called LOCAL, aimed at making the cannabis licensing process easier and more transparent for businesses. The tool offers proximity reports, license searches, and data navigation, eliminating the need for costly third-party surveys.
The Bahrain Tourism and Exhibitions Authority (BTEA) has taken action against over 40 businesses operating without valid tourism licenses. These businesses were found to be operating from unregistered locations and engaging in unauthorized advertising on social media. The BTEA is working to ensure compliance with regulations and protect consumers.
A state audit has revealed significant mismanagement of a $100 million grant program designed to streamline cannabis business licensing in California. The program, established in 2021, has faced criticism for its slow progress and inefficient use of funds. With the program set to expire in 2025, concerns are mounting about its ability to achieve its intended goals.
POP MART, the popular Chinese toy brand, has partnered with Samsung in Thailand to launch a limited-edition gift box featuring their CRYBABY character. This marks POP MART’s first overseas licensing venture and a significant step in their global expansion.
