Blog posts



Maine’s Cannabis Stores Will (Finally!) Open in 2020

Maine’s Cannabis Stores Will (Finally!) Open in 2020

Cannabis sales are coming to Maine—nearly three years after state voters passed a legalization law back in 2016. Legislators in Augusta on Thursday finally approved a legal framework that will allow the state’s long-delayed retail cannabis stores to open. Gov. Janet Mills is expected to sign the measure, which would allow the first stores to come online in early spring 2020. Since 2016, cannabis has been legal to possess but not to purchase in Maine. The yearslong holdup has been largely thanks to former Gov. Paul LePage, an ardent legalization opponent who did all he could to slow-walk the implementation of the voter initiative. Mills, LePage’s successor who took office earlier this year, has vowed to move ahead with a legal, regulated, taxed cannabis market.
CVS just laid out a big reason why health companies are worried about Amazon

CVS just laid out a big reason why health companies are worried about Amazon

When word spread that Amazon would move into health care in 2017, health-care executives had a ready answer: We are not afraid. “I honestly don’t believe that Amazon will be interested in the near future in the next few years in this market,” Walgreens’ CEO Stefano Pessina told investors in an earnings call in July 2017. “I think we have a lot of capabilities and a value proposition that can compete effectively in the market,” CVS CEO Larry Merlo said back in August. But recent legal actions tell a different story. In April, CVS filed a lawsuit against John Lavin, a former senior vice president in charge of CVS Caremark’s retail pharmacy network, after Lavin told the company he was leaving to take a job at Amazon’s pharmacy arm, PillPack. The judge this week ruled in CVS’ favor, preventing Lavin from taking immediate employment at PillPack.
UI researchers to demonstrate virtual-reality headsets to Congress

UI researchers to demonstrate virtual-reality headsets to Congress

Researchers with UI Health Care and the Veterans Administration will demonstrate their virtual-reality headset to Congress today. Michael Wall, a University of Iowa professor of neuro-ophthalmology, will demonstrate to Congress the creation of a virtual-reality headset that will allow access to testing for people with degenerative eye conditions. The Veteran’s Administration gave a grant to the research project four years ago, Wall said. The device will improve veterans’ lives by making visual testing and monitoring available in many different venues, such as waiting rooms, outreach clinics, and in patient’s homes, according to a press release from the VA.
The Senate will hold a hearing next month on Facebook’s Libra currency

The Senate will hold a hearing next month on Facebook’s Libra currency

On Wednesday, the Senate Banking Committee announced it will be holding a hearing next month to question witnesses over Facebook’s new cryptocurrency initiative, Libra. The hearing, entitled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations,” is set for July 16th at 10AM ET. The plans come shortly after Facebook formally announced its new cryptocurrency and blockchain ecosystem, Libra. Facebook’s plan was met with harsh criticism from lawmakers, as well as calls for investigation into the potential consumer risks. It’s unclear who all will be testifying, but sources tell The Verge David Marcus, co-creator of Libra and Calibra lead, will be in attendance.
Terrifying video of a Texas woman's kidnapping was captured by a Ring video doorbell, and it helped police arrest the suspect

Terrifying video of a Texas woman's kidnapping was captured by a Ring video doorbell, and it helped police arrest the suspect

After her kidnapping was caught on camera by an Amazon Ring security monitor, the man accused of a Texas woman's abduction has been arrested. A 31-second video of the kidnapping — which we first saw on KVUE, an ABC affiliate in Austin, Texas — shows the woman frantically knocking on a neighbor's door at 9:25 p.m. on Tuesday. Then, she backs up against the door as a man approaches. She says, "Stop, please, no, no, no, no," as the man says, "Get over here, get into the car," and drags her away.
Existing-home sales rebound in May, as housing market green shoots appear

Existing-home sales rebound in May, as housing market green shoots appear

The numbers: Existing-home sales were at a 5.34 million seasonally adjusted annual pace in May, the National Association of Realtors said Friday. Sales of previously-owned homes were 2.5% higher than in April, but 1.1% lower than the selling pace a year ago. The MarketWatch consensus forecast was for a 5.28 million annual rate. What happened: The median selling price in May was $277,700, a 4.8% annual increase and the 87th straight month of annual price increases. The Northeast, where sales have been socked by high prices and the loss of the ability to deduct property taxes from federal returns, saw a 4.7% jump in sales in May. In the Midwest, sales were up 3.4%. In both the South and the West, sales ticked up 1.8%.
Foxconn’s Billionaire Founder Urges Apple to Invest in Taiwan

Foxconn’s Billionaire Founder Urges Apple to Invest in Taiwan

The billionaire founder of Apple Inc.’s largest supplier asked the U.S. company to move from China to neighboring Taiwan. "Speaking from the perspective of the Republic of China, I will plead to Apple to come to Taiwan," said Terry Gou, who remains the largest shareholder in Hon Hai Precision Industry Co., answering a question about whether Apple will shift production away from China. He was referring to Taiwan by its formal moniker. “I believe it is possible," he said without elaborating. Louis Woo, a special assistant to Gou, later said that the executive and Taiwan presidential hopeful was urging Apple to "invest" in Taiwan, not to move plants from China.
Virtual Vikings: how volumetric capture is making VR feel real

Virtual Vikings: how volumetric capture is making VR feel real

There's never been a better time to be a VR enthusiast. With the increased presence of standalone, wireless headsets, plus the advanced motion tracking and screen resolutions to make VR experiences vaguely in sync with our body’s own senses, we’re now reaching a point where VR simulations are starting to feel, if not real, certainly more realistic than they used to be. We’re still far from the Matrix, however. Developers are still trying to get around basic physical issues like motion sickness and eye strain, while the kinds of human character models generated for VR game engines – or any game engine, for that matter – are anything but lifelike.
US House OKs Plan to Block Federal Cannabis Interference

US House OKs Plan to Block Federal Cannabis Interference

WASHINGTON (AP) — The Democratic-controlled U.S. House of Representatives has voted to block the Justice Department from interfering with states that have legalized marijuana for adult use. The bipartisan 267-165 vote represents a breakthrough for advocates of legalizing cannabis, who have unsuccessfully pressed the idea in the past under GOP control of the House. Although 11 states have legalized marijuana for personal use, possessing and selling the drug remains a federal offense. Lawmakers have already enacted protections for the 47 states where medical marijuana is legal in some form or another.
Bitmain Revives IPO Plan as Bitcoin Hits One-Year High

Bitmain Revives IPO Plan as Bitcoin Hits One-Year High

Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is reviving plans for an initial public offering as Bitcoin climbs to a one-year high, people with knowledge of the matter said. The company is working with advisers on preparations for a U.S. share sale that could take place as soon as the second half of this year, the people said. Bitmain aims to file listing documents with the U.S. Securities and Exchange Commission as soon as next month, the people said, asking not to be identified because the information is private.
Questions?
Click here to chat with us

_