SpaceX will launch one of its Falcon 9 boosters for a record 20th time tonight, Friday, highlighting once again the success of the company’s reusable rocket system.
Booster 1062, which took its first flight in November 2020, will lift off from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida, on Friday, April 12, on a mission to deploy 23 Starlink satellites to low-Earth orbit.
A live webcast of the record-breaking flight will begin on X (formerly Twitter) at 9:34 p.m. ET, about five minutes before liftoff.
Those tuning in will witness the Falcon 9 rocket climb into the sky for a record 20th time, along with stage separation and the deployment of SpaceX’s internet satellites. The webcast will also show the first-stage booster landing upright on the A Shortfall of Gravitas Drone ship in the Atlantic Ocean about eight minutes after launch, a feat that will pave the way for the rocket’s 21st flight.
A backup opportunity for Friday’s mission is available on Saturday should the targeted flight schedule require adjustment for any reason.
Booster 1062 last flew on March 16 and also holds the record for the fastest turnaround at 21 days following a flight on April 8, 2022. The rocket has previously launched GPS III Space Vehicle 04, GPS III Space Vehicle 05, the crewed Inspiration4 and Ax-1 flights, Nilesat 301, OneWeb Launch 17, ARABSAT BADR-8, and 12 Starlink missions.
Founder: The mission was the brainchild of Jared Isaacman, the billionaire CEO of Shift4 Payments. He purchased all four seats aboard the Dragon for a reported $50 million each, with the goal of flying the first all-civilian crew to space and raising funds for St. Jude4.
Inspiration4 represented a new era for human spaceflight and exploration, demonstrating that space travel is not limited to professional astronauts but can be achieved by private individuals with a passion for exploration and philanthropy.
The mission overlapped with the 55th anniversary of Gemini 11, which in September 1966 had an apogee of approximately 1,368 km (850 mi), the highest Earth orbit ever reached on a crewed flight. The Inspiration4 flight reached an orbital altitude of approximately 585 km (364 mi), the highest achieved since STS-103 in 1999 and the fifth-highest Earth orbital human spaceflight overall. By comparison, the International Space Station is at 408 km (254 mi). The Inspiration4 mission concluded with the first crewed splashdown in the Atlantic Ocean since Apollo 9 in 1969.
Vapor Trail of SpaceX launches seen over 100 miles away in St Augustine, Floride 2023
Steven M Smith InspirationalTech.org CEO since 2013.
If you want to watch live rocket launch coverage, FLORIDA TODAY’s Space Team will provide updates at floridatoday.com/space, starting about 90 minutes before launch time. You can download the free app for iPhone or Android or type floridatoday.com/space into your browser.
A SpaceX Falcon 9 rocket will launch a batch of Starlink internet satellites from the Space Coast.
Not related to story, however, we encourage our interest. The CBD Effect on Cannabis
While Cannabis is a very crucial part of the Marijuana movement, we must remember that CBD is a complex field with ongoing research, legal considerations, and exciting technological advancements.
Florida has specific laws regarding marijuana, and it’s essential to understand them. Here are the key points:
Medical Use:
Medical use of marijuana is legal in Florida.
Qualifying patients (21 years and older) with specific medical conditions can purchase or use medical marijuana as recommended by licensed physicians.
Some qualifying conditions include ALS, cancer, epilepsy, glaucoma, HIV/AIDS, multiple sclerosis, PTSD, and chronic pain related to specific medical conditions.
Minors can designate adult caregivers to assist in obtaining medical marijuana.
Recreational Use:
Recreational cannabis remains illegal in Florida.
Possession of any amount of weed is against the law.
Possession of more than 20 grams (25 lbs) of cannabis is considered a felony.
Growing Marijuana:
Individuals and businesses are prohibited from growing marijuana.
However, state-licensed cultivators are allowed to grow it.
Penalties:
Florida imposes fines and jail time for simple possession of marijuana.
Possession of any quantity of marijuana is illegal.
Medical Marijuana Cards:
Patients must possess active medical marijuana cards to legally use medical marijuana.
Over 750,000 Floridians currently hold active medical marijuana cards.
More than 2,500 certified doctors assist in determining appropriate medical marijuana treatments.
Dispensaries:
There are over 450 open marijuana dispensary locations in Florida as of October 2022.
Legalization Efforts:
Florida residents and lawmakers have been exploring adult-use marijuana legalization.
Also on Friday, Doug Kass posted that on the social media platform X that the DEA will soon announce the rescheduling of cannabis to Schedule III.
“We have learned yesterday that the US Drug Enforcement Administration will shortly approve a rescheduling of cannabis to Schedule III –and that the biggest legal hurdle, an international treaty (the Single Convention on Narcotic Drugs (1961)), to which the US is a signatory has been resolved favorably,” Kass posted.
The Department of Health and Human Services (HHS) has also recommended the DEA reschedule cannabis as Schedule III under the Controlled Substances Act
How hard it is to survive in the cannabis space?
On the one hand, the marijuana industry is nascent as the plant has been stigmatized for decades. Being illegal at the federal level makes operating that much more complicated. On the other hand, the industry continues to progress. Each year more states and countries embrace it, and new studies confirm the vast potential of marijuana’s healing properties that our ancestors knew centuries ago.
So, it’s difficult, but not impossible to maneuver in the cannabis space.
Often viewed as one of the biggest challenges is the lack of access to banking and financial services due to marijuana’s Schedule 1 status, which the DEA classifies as having no accepted medical value and has high abuse potential.
On the complexity of regulatory issues, she told us that “all of cannabis is complex, but the most complex regulatory issues arise with new regulations or changes to existing regulations – it can be difficult to understand how these regulations are used in practice. The most common misapprehension about the cannabis industry is that we are all risk-takers living on the edge – the reality is that most of us in this industry are all super compliance-focused and constantly checking to make sure that we’re following every single applicable rule.”
Regulatory Compliance First
In January, the government released hundreds of pages of documents related to its ongoing review of the status of cannabis under federal law, confirming that the Department of Health and Human Services (HHS) has recommended the DEA reschedule cannabis as Schedule III under the Controlled Substances Act. This means that HHS has acknowledged some medical value of marijuana, and the rescheduling is being considered. We asked Ayinehsazian, a respected California Advocate of Marijuana Law Deregulation how much would change in the marijuana industry in terms of regulatory issues, banking services and taxes if cannabis is reclassified to Schedule III.
“I think that even with rescheduling regulatory compliance would still remain of great importance,” she said. “Banking and taxation would be greatly improved though – the current banking issues we face as a result of federal illegality would be greatly alleviated, as would the federal taxation issues associated with 280E.”
Ayinehsazian said that in terms of taxation and banking, both rescheduling and de-scheduling would be about the same. “In terms of regulatory requirements, de-scheduling may present a bit less of a burden, but I think that no matter what, we’re still looking at regulatory compliance being incredibly important.”
The 280E is an IRS tax code, which states that “no deduction or credit shall be allowed in running a business that consists of trafficking a controlled substance.” This means that until cannabis is removed from a list of controlled substances on the federal level, there will be no tax deductions or credits given to legal cannabis operators.
Sahar Ayinehsazian is an attorney in Vicente Sederberg’s Los Angeles office, where she focuses on cannabis banking, corporate transactions, and regulations. With her specialized knowledge, Sahar helped to establish and currently co-leads Vicente Sederberg’s Banking and Financial Services Department. As a member of the National Cannabis Industry Association’s Banking Access Committee, Sahar also works on strategy and educational advocacy to enable state-licensed businesses to obtain accounts at depository institutions. Prior to joining Vicente Sederberg, Sahar served as the Director of Regulatory and Governmental Affairs at a multi-state money transmitter servicing the cannabis industry, where she developed a comprehensive understanding of credit card flow, banking and cannabis compliance. She holds a Bachelor of Arts, with honors, from the University of California, San Diego and a law degree from Loyola Law School, where she was a Loyola Scholar
The CBD Effect on Cannabis
While Cannabis is a very crucial part of the Marijuana movement, we must remember that CBD is a complex field with ongoing research, legal considerations, and exciting technological advancements.
Florida has specific laws regarding marijuana, and it’s essential to understand them. Here are the key points:
Medical Use:
Medical use of marijuana is legal in Florida.
Qualifying patients (21 years and older) with specific medical conditions can purchase or use medical marijuana as recommended by licensed physicians.
Some qualifying conditions include ALS, cancer, epilepsy, glaucoma, HIV/AIDS, multiple sclerosis, PTSD, and chronic pain related to specific medical conditions.
Minors can designate adult caregivers to assist in obtaining medical marijuana.
Recreational Use:
Recreational cannabis remains illegal in Florida.
Possession of any amount of weed is against the law.
Possession of more than 20 grams (25 lbs) of cannabis is considered a felony.
Growing Marijuana:
Individuals and businesses are prohibited from growing marijuana.
However, state-licensed cultivators are allowed to grow it.
Penalties:
Florida imposes fines and jail time for simple possession of marijuana.
Possession of any quantity of marijuana is illegal.
Medical Marijuana Cards:
Patients must possess active medical marijuana cards to legally use medical marijuana.
Over 750,000 Floridians currently hold active medical marijuana cards.
More than 2,500 certified doctors assist in determining appropriate medical marijuana treatments.
Dispensaries:
There are over 450 open marijuana dispensary locations in Florida as of October 2022.
Legalization Efforts:
Florida residents and lawmakers have been exploring adult-use marijuana legalization.
In 2024, several states are poised to make significant strides in marijuana legalization. Let’s explore some of the key developments:
Wisconsin:
Despite past disagreements between Democratic Governor Tony Evers and Republican lawmakers, Wisconsin is a strong contender to legalize medical cannabis this year.
Governor Evers has expressed openness to a more limited medical cannabis program proposed by Republicans, which would initially allow for five stores to sell non-smokable cannabis products1.
Virginia:
Virginia lawmakers have already passed legislation that will legalize marijuana in 2024.
Starting January 1, 2024, possession of up to an ounce of marijuana will be legal, and regulations will be implemented to control the marijuana marketplace in the state2.
Other States:
While these two states stand out, there are other states with unfinished business in terms of cannabis policy.
Some states are likely to take up medical cannabis legalization, while others may move toward adult-use legalization.
Additionally, campaigns are underway in Florida, Idaho, Nebraska, and South Dakota to put legalization questions before voters in the November 2024 election1.
Remember, the landscape of cannabis legalization is dynamic, and attitudes are shifting. Whether through legislative action or citizen initiatives, we’re witnessing progress toward a more inclusive and informed approach to cannabis policy across the nation.
Now, Let’s delve into the world of CBD (cannabidiol) and explore various aspects related to it:
CBD Stigma:
Despite its growing popularity, there remains a stigma surrounding CBD. This stigma often arises from misconceptions and lack of understanding.
Some people associate CBD with the psychoactive effects of THC (tetrahydrocannabinol), even though CBD itself does not cause a “high.”
Efforts are being made to change this perception and educate the public about the potential benefits of CBD.
Research on CBD:
CBD has gained attention for its potential therapeutic properties. Early studies suggest it may help with anxiety, pain relief, and neurological conditions.
The FDA has approved a prescription drug called Epidiolex, which contains CBD as an active ingredient, specifically for treating certain types of epilepsy.
However, more research is needed to fully understand CBD’s benefits and safety.
State Legality of CBD:
The legality of CBD varies by state. Some states fully embrace CBD, while others impose restrictions.
Federally, CBD derived from hemp (with less than 0.3% THC) is legal. However, CBD derived from cannabis remains a Schedule 1 substance.
State laws play a crucial role in determining how CBD can be used, sold, and accessed.
Inspirational Technologies on CBD:
The CBD industry is evolving, and technology is playing a significant role.
Innovations include:
Smart Vaporizers: These allow precise control over temperature and dosage.
Concentrated Minor Cannabinoids: Companies are exploring over 100 minor cannabinoids found in hemp plants, such as CBN and CBG.
Regulatory Changes: Legislation could pave the way for marketing CBD as a dietary supplement, expanding distribution channels.
Big-Box Retail Access: CBD products may soon hit mainstream brick-and-mortar retail stores.
In summary, CBD is a complex field with ongoing research, legal considerations, and exciting technological advancements.
Minnesota Office of Cannabis Management (OCM) predicts that the state will need at least 381 dispensaries to meet the requirement for local governments to provide at least one retail shop per every 12,500 residents.
Though Minnesota legalized recreational marijuana in August 2023, tribal lands were the first and only to launch legal cannabis sales shortly thereafter when the White Earth Nation Tribal Council began to sell on the reservation to both tribal and nontribal members the first week of August.
The OCM anticipates dispensaries will launch retail sales next year, once the office issues applications and establishes regulations for retailers.
In its report, issued earlier this week, the regulatory body noted that the situation is complicated by the absence of a well-regulated market for fully legalized marijuana.
“It is impossible at this time to understand the necessary supply of cannabis vs. hemp needed to accommodate total demand without further research,” the report authors wrote. “Until the adult-use market is launched and sales for both types of outlets can be thoroughly assessed, estimates of adequate product supply and outlets for the adult-use program will likely be inaccurate.”
Lack Of Regulated Cannabis Sales Boosts Illicit Market
The report also stressed that more Minnesotans are turning to illicit sources to obtain marijuana.
The “high prevalence of obtaining cannabis from a dealer, an illicit source, among Minnesota residents,” can be attributed to the absence of “legal adult-use sources,” according to the report.
Simultaneously, OCM is working on an interagency plan to put an end to hemp retailers that are selling marijuana buds that exceed the state’s limit of 0.3% delta-9 THC as industrial hemp, reported Hemp Today.
The regulators are allegedly exploring the possibility of involving inspectors from the Office of Medical Cannabis and the Department of Agriculture to look into the sales of these products.
#IntheWeedswithSteve Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.
The latest news on marijuana rescheduling is that the federal government has been talking about cannabis a lot lately. It seems that the U.S. federal government is expected to reschedule cannabis to a Schedule III substance in 2024, according to the U.S. Department of Health and Human Services (HHS).
This move is expected to provide relief to the cannabis industry, which has been struggling with market corrections and over taxation. The rescheduling of cannabis is expected to eliminate the burdensome 280E tax regulation, which prohibits businesses from taking normal business deductions on federal tax returns. This is expected to help stabilize and revitalize cannabis businesses.
As a result of this news, cannabis stocks have been on the rise. However, it is important to note that despite the expected rescheduling decision in 2024, there is little hope for any Congressional progress on SAFE Banking or full legalization. The current contentious political environment combined with election-year posturing will virtually eliminate any momentum for legislative accomplishments during the coming 12 months. The lack of progress will continue to impact the cannabis industry, constraining access to capital and maintaining current financial challenges to the industry.
Please note that investing in stocks involves risks and it is important to conduct thorough research before making any investment decisions.
After the majority of states legalized marijuana in some way individually, perhaps the Schedule I narcotic may finally be reclassified. The federal government still considers cannabis to be a Schedule I narcotic, which is a substance defined as having no medicinal value and a high risk of abuse. Other Schedule I drugs include heroin, MDMA, and LSD. However, the federal government has admitted that cannabis does indeed have therapeutic potential and may not be as dangerous as previously considered. The Department of Health and Human Services (HHS) has recommended to the Drug Enforcement Administration that marijuana be rescheduled to a lower classification. This might render the SAFER Banking Act less critical and could lead to U.S. exchanges allowing the uplisting of U.S. plant-touching companies. The congressional report is a reminder that the road to legal weed is paved with unexpected detours and Congress and the DEA hold the keys.
#IntheWeedswithSteve Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.
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