Posted by Colin Dowlen.

The main purpose of this article that is titled, Marijuana’s black market is undercutting legal businesses, is to inform the readers about the topic of buying and selling marijuana, and how in New York, the unlicensed companies are making the same impact on people as the legal businesses are, which are hurting the state’s economy. The beginning of the article states how New York just gave out its first dispensary licenses last month, even though marijuana has been legal in the state for almost two years. Trivette Knowles, a press officer who is a part of the New York State Office of Cannabis Management stated, “These shops are masquerading as safe, legal entities, but there are currently no licensed sales happening right now in the state of New York.” This part shows that even though business can sell marijuana legally now, the other companies are still out selling them because they have been around longer, and since selling marijuana is legal, there is nothing that can be done about it. Reiman of New Frontier Data, states that unregulated markets pose health risks for the consumers, for example, a studied showed that 40% of the stores contained harmful containments.

The last section of the article states that consumers turn to the black-market stores for marijuana because of the cheaper prices. Statistics show that California, which many believe will be the same as New York if things do not change, is that, like New York, California is a high taxed state. This means that black-market companies will always be more popular than state registered companies because of the cheaper prices, less taxes, etc. With that being said, states need to find an alternative that will either lower the prices of marijuana, or taxes need to change.

In my opinion, I think this issue will continue for a long time because it is impossible to change state taxes or have licensed businesses lower their prices because then there will be no profit for these businesses. Without profit, states will lose money in the industry, which could lead to more problems. I don’t think there is any way that it would be possible for these state businesses to overtake the black-market places because they are so far behind in sales but are also a lot cheaper for the community.

Colin is a business major at the Stillman School of Business, Seton Hall University, Class of 2026.

https://www.cnbc.com/2022/12/23/marijuana-black-market-undercuts-legal-business.html?&qsearchterm=business%20law

Posted by Anthony Castelli.

President Joe Biden was aiming to put in place a $400 billion student loan forgiveness plan to assist students who were struggling during the COVID-19 pandemic. Though this plan seemed appealing to middle class families who were struggling during the pandemic, nine Supreme Court Justices did not seem very convinced with the plan’s productiveness, which made them consider two legal challenges towards this plan. While the Supreme Court challenged the Act, President Biden’s Solicitor General Elizabeth Prelogar, who represented the Biden administration, changing the entire dynamic of the case. Many experts believed that the Biden administration’s case had been lost, but once Elizabeth Prelogar took her stance, many people switched sides. She first introduced the fact when the student loan forgiveness plan was being rolled out in August of 2021, there was a law that set a precedent where people with debt were not going to be in a worse position than they were if a national emergency took place. This specific law was known as the Heroes Act of 2003. “That law, which is a product of the Sept. 11 terrorist attacks, allows the U.S. Secretary of Education to ‘waive or modify’ student loan programs to ensure borrowers aren’t left worse off because of a national emergency.” (CNBC).
Based upon this precedent, it is clear that these borrowers are still owed this money because of the fact that they were already in debt before the pandemic. Since the pandemic only worsened peoples’ financial situations, this money is still owed to them because of the student loan forgiveness plan. While Justice Clarence Thomas fought back questioning “How does that fit under the normal understanding of ‘modifying’?” (CNBC), Prelogar responded by explaining how the central focus of this plan was to not let people who are borrowing money, especially students, suffer even further financially due to a national emergency such as the pandemic. Ever since her testimony regarding the purpose of the plan, Prelogar has been showered with praise from various education experts, and is even believed to have won over the majority opinion of the Supreme Court justices. One notable person who praised Prelogar was Jed Shugerman, a Fordham Law professor, who wrote, “She may have snatched victory from the jaws of defeat.” (CNBC).
To conclude, the central reason that I chose to summarize this news article is because it truly explains and exemplifies the relevance that precedents hold in the court of law. Precedents can make or break a case, and in this case, it appears to have broken it from the perspective of opposers who wished to take down the bill. As we have learned in class, precedents act as an example of cases to follow when similar arise in the current day. Since the precedent of the Heroes Act of 2003 was established, it is hard to combat the notion that the case of the student loan forgiveness plan is different enough to the point that it cannot be comparable. It will be interesting to see what the final verdict of this case will be, but regardless of result, this case still proves just how compelling precedents can prove to be.

Anthony is a business major at the Stillman School of Business, Seton Hall University, Class of 2025.

https://www.cnbc.com/2023/03/01/supreme-court-biden-loan-forgiveness-plan-chances.html

Posted by Nicholas Bisaccia.

This article talks about how the state of Virginia is making organized retail theft a class 3 felony. These stricter punishments are being enacted to crack down on people stealing nearly 1.3 billion dollars annually. These people are stealing to profit which is the main reason Virginia is pushing for harsher punishments. Lots of revenue is being lost due to this and Virginia is doing its best to put a stop to it.

So what actually consists an organized retail theft? This article states “It will be a Class 3 felony for anyone to conspire or act in concert with one or more people to steal retail merchandise with a value exceeding $5,000 in a 90-day period, with the intent to sell the stolen goods for profit.” While the Republicans are all for this, the Democrats are not as fond. They are saying that this will hurt people that steal to survive and the punishments are to harsh. Regardless, Virginia has turned to harsher punishments (class 3 felony) for organized retail theft.

I believe this is a good thing for the state of Virginia and society. Stealing should be thrown under the rug, especially when it involves multiple people to take large sums of money. Stealing should also not be encouraged by the law and it should be made clear that this is something that is not right. Strict punishments should be enacted to dismay stealing.

Nicholas is a business major at the Stillman School of Business, Seton Hall University, Class of 2026.

https://www.foxbusiness.com/politics/organized-retail-class-3-felony-virginia-states-fight-back-billions-theft

Posted by Alyssa Bern.

Nohemi Gonzalez was only 23 years old when she was studying abroad in Paris during November 2015 when she was killed in a coordinated series of terrorist attacks. It was not long before her father sued Good and other tech companies for spreading content that “radicalized” users into “becoming terrorists”, which made them legally responsible for the harm inflicted on Gonzalez’s family (McCabe). It is this question that the Supreme Court will be dealing with Tuesday, February 21st, 2023. This is an important case because it takes aim at Section 230 of the Communications Decency Act, which “shields online platforms like Facebook, Instagram and Google’s YouTube from lawsuits over content posted by their users or their decisions to take content down” (McCabe). This case has the potential to narrow how that legal shield is applied which is important because it can possibly open up the companies to liability for what users post. The article goes on to mention at the day after hearing this case that they will also here Twitter v. Taamneh, over whether Twitter has contributed to terrorism.

These possible rulings can change the framework of big tech companies to date. Being able to be held libel for what users post, will give them more of a reason to take down controversial posts. But doing that can open another issue of the first amendment. Do people have the right to post certain extremist things? Are the companies really libel? These decisions will ultimately decide how to regulate online speech. In other places, it is important to recognize that they have demanded these websites to take down dangerous posts, but in the United States, it is difficult because of the protections in the First Amendment. Continually, the article mentions Critics of Section 230 and how they say it lets companies avoid responsibility for harms facilitated on their watch but supports counter that saying that without the legal shield the companies will take more content down to avoid lawsuits, but that would hurt free expression. The rulings of these cases will undoubtedly have an impact on how these companies do business and how people interact with the internet.

When considering other lawsuits that dealt with Section 230 to see how these cases could possibly impact the decisions that the Supreme Court has to make. For example, in 2021 Snap the parent company of app Snap Chat could not use section 230 to dodge lawsuit after 3 people died after using a filter that displayed speech. With this case there seems to be almost a direct connection rather than the indirect that is mentioned in the previous cases, but there can still be some similarities seen. Further, it is interesting to ask the question of how these tech companies are so okay with banning certain people on a small scale like Donald Trump but have issues when they are being told other people are inciting violence and are not being taken down. Tech companies say it will be devastating if the Supreme Court Undercut Section 230 because it is crucial to allow internet to flourish, but at what cost?

Alyssa is a senior political science major at College of Arts and Sciences, Seton Hall University, Class of 2023.

https://www.nytimes.com/2023/02/20/technology/supreme-court-tech-section230.html

Posted by Matthew Husti.

On February 17th of 2022 WNBA player Brittney Griner was detained in Russia for possession of hashish oil in her luggage. She was traveling for her off season basketball team and was sentenced for 9 years for possession of the hashish oil.

On December 8th, Brittney Griner was brought home to her home in Texas to be reunited with her family. The reason that this ended up happening was because of a trade prisoner swap between Brittney Griner and Victor Bout. Victor Bout is a dangerous man who is a Russian arms dealer and was nicknamed “The Merchant of Death”. This trade has come with a lot of backlash as Brittney Griner is not as much of a prisoner compared to Victor Bout. He has caused so many issues that a lot of people are very surprised that the United States was willing to give him up.

Russia was very excited for this prisoner exchange and Vladimir Putin has said that he is ready for more swaps. This can cause many legal issues because it seems like these prisoners will be able to get out for a trade just because they are on foreign ground. Another reason is the current state of Russia with their Ukraine situation and how they now added a arms dealer who is guaranteed to have his contacts still in Russia. A lot of people have gotten very upset because the only reason she is getting traded for is because she is a celebrity. If it were the average United States citizen, they would still be there for the entire sentence, but because she is more popular, she gets valued as much as a Russian arms dealer. Another topic that people have been getting into is Paul Whelan, who is also being held in Russia. He is a United States marine who is being detained for espionage, which is partaking in being a spy. A more realistic trade offer would have been the United States spy for Victor Bout.

People are happy that Brittney Griner is home were she should be, but many believe Paul Whelan needs to be brought home as well. This settlement was very important for relationships between the United States and Russia. I do believe that countries should entertain the ideas of swapping prisoners, however, this trade was much different do to the severity of how dangerous Victor Bout is.

Matthew is a student at Seton Hall University.

Sources:

https://www.wsj.com/articles/russia-celebrates-prisoner-exchange-vladimir-putin-says-he-is-ready-for-more-swaps-11670620136

https://news.northeastern.edu/2022/12/09/brittney-griner-prisoner-swap/
https://www.reuters.com/world/brittney-griner-us-basketball-star-caught-up-russia-crisis-2022-12-08/

Posted by Jonathan Luders.

With the upcoming U.S midterm elections on the horizon, the recent acquisition and purchase of twitter by Elon Musk has caused some uneasiness to say the least. Twitter is one of the leading platforms for news, especially during elections before it gets to main stream new stations. Musk’s firing of CEO and multiple other major leadership roles, including marketing and ad sales, and other employees of Twitter that help manage misinformation. According to the article, “The communications team at Twitter, responsible for engaging with journalists and putting out press releases, was cut from nearly 100 people to two, other people say” along with “Twitter’s marketing organization was among the groups hit hardest, with at most a couple dozen employees remaining from a team that had close to 400 people, according to two sources”.

The spreading of misinformation is of the biggest concern for the American people. If Twitter is not being surveyed by it’s typical employees, it could mean more misinformation could get out, at a crucial time in the US too. The article states, “The dramatic scaling down of the company’s staff immediately drew scrutiny from Twitter insiders, outside groups and disinformation watchers, who say it’s unclear how Twitter will manage its sprawling network, which has an outsized impact on global political and cultural conversation, with far fewer people at the helm”.

Musk’s intention is to make the platform so that anyone and everyone have total free speech, our first amendment right (as long as it is legal) without any restriction. This sounds really good in theory, but as quoted in the article, it might become a dumpster fire without some sort of regulation. People might abuse the platform if not regulated properly.

I am not sure what to think about Musk buying twitter. I hope his intentions are good, which they seem to be at face value. The concept of “twitter blue” is interested too. I am curious to see how this unfolds and if there will be an increase or decrease in twitter usage.

Jonathan is a psychology major and business administration minor student at Seton Hall University, Class of 2023.

https://www.bloomberg.com/news/articles/2022-11-04/twitter-cuts-spur-concerns-about-us-midterms-human-rights?srnd=premium&leadSource=uverify%20wall

Posted by Kyle Ganning.

Both CVS and Walgreens agreed to pay more than $10 billion in settlements involving opioids and the distribution of opioids. This was originally brought by state and local governments. In addition, according to Bloomberg.com, Walmart will add to the settlements with $3 billion as well. Being that both CVS and Walgreens are two of the largest drugstore chains in the World, these are landmark settlements that could resolve a lot of opioid-crisis. Even though the company agreed to a settlement, the companies will not be required to publicly admit wrongdoing. Walgreens has already come out and said that this settlement “wasn’t an admission of wrongdoing.” We have seen a plethora of cases over the last couple of years, and Like Walgreens, CVS, and Walmart being ordered by a federal judge to pay $650 million to two Ohio counties.

In the eyes everyone involved, a settlement seemed like the best option for these corporations. A key part of the settlement agreement is the fact that these companies do not have to publicly admit wrongdoing or admitting what they did was not acceptable. The settlements are to be paid over the next 10-15 years. “CVS said if the settlement is reached, it would pay the states nearly $5 billion over 10 years beginning in 2023. Walgreens said it would also pay $5 billion in remediation payments over the course of 15 years.” (CNN)

With these settlements being spread out, it allows for the companies’ stocks to stay strong as they would not be taking the massive hit all at once. This is also a major reason why the case was settled, if it went to court then there is a good chance, they might have had to pay a higher sum of money upfront to these cities or states. Additionally, some Native American tribes are also making about $155 million. These settlements could be considered an “admission of guilt” by some, or they could be just playing it safe. In addition Walgreens and CVS “also expects to pay up to $753.5 million in attorneys fees over six years.”

The opioid-crisis has killed more than 500,000 people over the last two decades. The opioid-crisis is currently one of the biggest drug problems in the United States. The thought behind this lawsuit is to hold these large drugstore chains to be held accountable for mishandling prescriptions opioids. These settlements could also show how opioids are handled and used in the future years ahead. It will also be interesting to see how many more lawsuits can come up against corporations that are selling opioids. We could see the numbers on the settlement get even higher over the next couple of years.

Kyle is a student in the Stillman School of Business, Seton Hall University.

https://www.wsj.com/articles/cvs-to-pay-5-billion-to-settle-opioid-lawsuits-11667358371

Other sources in addition:

https://www.cnn.com/2022/11/02/us/cvs-walgreens-walmart-opioid-settlement

https://www.npr.org/2022/11/02/1133523740/cvs-health-agrees-to-a-5-billion-settlement-in-opioid-lawsuits

https://www.bloomberg.com/news/articles/2022-11-02/cvs-walmart-walgreens-reach-tentative-12-billion-opioid-pact

Posted by Ana Abraham.

In recent news, Elon Musk takes over Twitter. After spending months attempting to close a “blockbuster” purchase, at 44 billion dollars the deal was finally closed. Officially naming Elon Musk the new owner of Twitter, one of the most influential platforms to exist. “Musk’s Takeover” was finalized Thursday night, October 27th, 2022. Elon Musk’s purchase of the platform has stirred up all sorts of negative, and surprisingly some positive comments. Elon originally sought to buy the company in April of 2022, and had the main goal to make Twitter a platform of “Free speech”.
Elon wants to “Unlock Twitter’s extraordinary potential”. Tesla CEO, wants to rework and rethink Twitter’s approach of content, he wants Twitter to be a free platform where users can comment and say whatever they want without the potential repercussions of being banned or having a post taken down. There has even been talk about changing the Twitter platform to become an “everything” app that is called X. Elon has even talked about changing the outlay of the app to resemble the popular Chinese app WeChat. Along with all the changes Musk is planning to make, he also “plans to boost Twitter’s value which could involve cutting down its workforce, something he’s hinted at before, the previous reporting suggested that he’d planned to cut 75% of staff” (Duffy).
While to some Elon’s new purchase can be controversial due to the changes he plans to make, I believe that Elon’s changes could actually be a refreshing new concept. I believe that today’s society is incredibly sensitive to almost anything, sharing your own opinion can be extremely controversial especially when it comes to politics. It is so controversial to the point where you can get “canceled” or “blacklisted”. Personally, while I do not have Twitter, I believe having a platform where you can actually use your freedom of speech is refreshing for today’s society. I do not think that a person should be banned from expressing their own political opinions. There are obviously cases where a tweet should be removed here or there but when it comes to merely sharing an opinion that is not harmful to anyone, I do not believe that a person should be banned or have their tweet removed.

https://www.cnn.com/2022/10/28/tech/elon-musk-twitter-changes/index.html

Ana Abraham is a business administration major at the Stillman School of Business, Seton Hall University, Class of 2025.

Posted by Vincent Nappi.

Last week Elon Musk completed his $44 billion takeover of Twitter. Since he made his intention known more than a year ago to purchase the social media site there has been controversy surrounding it. Musk has promised to make the social media platform the town square of websites that will not discriminate viewpoints of any individuals. Several high-profile users have been banned by the site including former president Donald Trump leading many republicans to claim that Twitter and sister sites like Facebook have an anti-Republican bias.
Musk’s first order of business when taking over was to fire several individuals that he felt were responsible for suppressing freedom of speech, and censoring individuals who they disagreed with. This has led to a significant loss of ad revenue as several socially conscious company now feel that Twitter will become a haven for hate speech and disinformation. Musk has assured the world that this will not happen and that content filters are still in place.
With the loss of ad dollars though Twitter revenue has dropped massively according to Elon Musk. Forms like General Mills, and Audi are among those who have paused advertising on the platform. With that Musk has made a statement that he is planning on laying off roughly half of the companies to promote cost savings. Employees of Twitter have filed a lawsuit looking to enforce regulations that layoffs must be announced two months in advance. Musk has already stated that employees will be given more than the required severance and benefits.
It remains to be seen how this will play out. Mr. Musk is doing what he feels is in the best interest of the company; however, he is harming the stakeholders of the company (the employees) by cutting them loose with little or no notice. I see how that could be unfair for the employees; however, the companies who have stopped advertising without giving Musk an opportunity to show how he will run the company seem to be bowing to pressure from the liberal side of the country. Some of these companies are the same ones who have significant revenue coming from countries like China who history of human rights abuse are well noted.
If both sides would settle down and monitor how Mr. Musk runs the company instead of a quick knee-jerk reaction, I believe these cuts could have been avoided and with it the harm to the stakeholders involved.

Vincent is a sports management major at the Stillman School of Business, Seton Hall University, Class of 2024.
https://www.foxbusiness.com/technology/twitter-employees-file-lawsuit-claiming-mass-layoffs-violate-federal-law-requiring-notice

Posted by Natalia Silverlieb.

For this blog post I chose to write about an article that I found on Fox Business. The title for the article reads, “Lawsuit filed against California weed companies for not getting consumers high enough.” This article was published a couple weeks ago at the end of October, highlighting the law suite being brought to the courts by customers. Allegedly, two California based cannabis companies have faced legal action for allegedly failing to deliver on their promises of providing customers with stronger products.
The two cannabis companies in question are against DreamFields Brands, Inc. and Med for America, Inc. According to the lawsuit, Jeeter prerolls falsely claim to have substantially greater THC contents than they really do. Advertised throughout Jeeter’s packaging, the THC percentage of its pre-rolled products ranges from an average of 35% to 46%, all depending on the product itself. The advertisement goes as far as to state “the one Joint that will get you to Mars quicker than Elon Musk.” Despite this, the case was brought to the courts in light of finding the true THC contents within the products being advertised. The products were tested through an outside lab, and found the Baby Jeeter Fire OG Diamond Infused 5-Pack Preroll, which states that it contains 46% THC, really only containing between 23% and 27% of that substance. The store was advertising a product to be almost double the actual contents of the products.
This allegation not only harms the company’s reputation within the cannabis industry, but also turns consumers away from buying such products and services. Along with that, with such high taxes on these products, it makes it hard for both the seller and the buyer to find a middle ground on not only prices, but product quality as well. Within the industry, we are starting to see many different companies inflate their products’ potency percentage to stay relevant and popular within the smoker community. In turn, situations like these come to light, where companies turn to direction to keep consumer rate higher. All of these just lead and pussed consumers and buyers to the streets and black market drug rings, where prices are cheaper, but product integrity is out the door. It’s a balancing act that needs to be properly balanced for both the consumers and sellers, making it the experience many want.

Natalia is majoring in marketing and management at the Stillman School of Business, Seton Hall University, Class of 2025.

https://www.foxbusiness.com/economy/lawsuit-filed-against-california-weed-companies-not-getting-consumers-high-enough