The product name of the LED lighting product "LumiDas" operated by FAWOO Technology will continue to be used by Dongbu Lightec, and the FAWOO Technology Japan distributor FAWOO has no renaming reservation, and the operation will continue to maintain the status quo. The second-tier agents Lumidas Japan and the Otsuka Chamber of Commerce will continue to sell LED lighting products, and will not make any major adjustments to the sales system.
In addition, Japan AM, which invested in Japan FAWOO and represented FAWOO products, has stopped selling FAWOO LED lighting products on July 6, 2011. The company currently has a debt of approximately 800 million yen and is being fully responsible for the aftermath of the lawyer.
It is reported that Japan AM entered the LED lighting business in September 2007. Sales in fiscal year 2009 were approximately 1.846 billion yen, and fiscal year 2010 was approximately 1.295 billion yen. Under this circumstance, in September 2010, the company transferred some LED lighting products sales business and employees to NOAH, which operates LED lighting products and semiconductor production inspection devices. However, the business cooperation between Japan AM and NOAH was lifted in April 2011.
While Dongbu Lightec is involved in LED lighting, it is still building a vertically integrated system around LED-related products. By using FAWOO Technology's existing plants, we will achieve the goal of ensuring the competitiveness of our LED business in the short term. The company also acquired South Korea's ALTI Semiconductor in July.
In addition, on July 1, 2011, Japan passed the "Decree on Amending the Part of the Implementation of the Electrical Appliances Safety Law", and the "Electrical Appliances Safety Law" added with "LED Light" and "LED Light Fixture" will be in 2012. Implemented on July 1.
Therefore, companies that used to buy and sell LED lighting fixtures need to confirm whether the LED lighting fixtures they operate are in compliance with the Electrical Appliances Safety Law. Therefore, when overseas LED lighting companies launch products to the Japanese market, it is becoming more and more important to accumulate professional knowledge in order to meet the needs of Japanese companies.
A new rule from the Drug Enforcement Administration (DEA) threatens to upend the American hemp industry, and could even result in criminal prosecutions for manufacturers of CBD and delta-8 THC products.
The DEA says the [interim final rule," issued Aug. 20, is simply a matter of adjusting its own regulations to account for changes to the Controlled Substances Act that were mandated by the 2018 Farm Bill (or Agricultural Improvement Act) that legalized hemp and CBD production. The new rule [merely conforms DEA`s regulations to the statutory amendments to the CSA that have already taken effect," says the agency. The new rule doesn`t break any ground, according to the DEA.
But many experts on cannabis and hemp law say the DEA rule creates a potential pathway the law enforcement agency could use to prosecute hemp processors and producers of CBD (cannabidiol) and delta-8 THC (or Δ8THC) products. There are two issues: partially processed CBD, and [synthetically derived" delta-8 THC.
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