Headline News

FROM AMWAY:

On Friday, October 14, 2022, following an investigation of two reported incidents with Amway Business Owners (ABOs) who were not following the company’s Business Rules of Conduct regarding inviting consumers to learn more about Amway, the Japanese Consumer Affairs Agency (CAA) announced its decision ordering Amway to temporarily suspend sponsorship of new ABOs for a period of six months.

The CAA has also ordered Amway Japan to take measures to provide all ABOs with re-training on the ethical business practices the company upholds. Amway will fully comply with this order.

Apart from the temporary suspension of sponsoring, the Amway Japan business will continue to serve customers, current ABOs, and the communities where our employees and ABOs live and work. We are proud of our 40+ year history as an employer and corporate citizen in Japan and look forward to the next 40 years and beyond of empowering health, wellness and entrepreneurship for the people of Japan.

Japan’s Consumer Affairs Agency has issued a partial business suspension order to Amway Japan for illegally soliciting people over network marketing.

The agency says the firm invited individuals to become members and promote the sales of its products. It also says the firm urged the members to solicit other people to become salespersons, and that they would receive referral fees.

The specified commercial transactions law stipulates that a business operator is obliged to inform consumers of the names of the solicitors and the operator, as well as the purpose of solicitation.

But the agency says that Amway Japan has violated the law since at least March of last year. The authorities say the firm invited people without informing them of its name or its purpose, using hard-sell tactics and issuing no documents.

For full story visit www3.nhk.or.jp

SAN DIEGO, CA, Oct. 04, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today that it has entered into an Asset Purchase Agreement with MFINITY Global LLC, a direct-selling organization focused on promoting natural health and a rewarding sales model. Additionally, Bill Andreoli, the President of MFINITY Global will become the President of Medical Marijuana, Inc. subsidiary, Kannaway, LLC.

The MFINITY product line features Muscadine, a powerful antioxidant that provides many wellness benefits. MFINITY products will be marketed and sold exclusively under the Kannaway brand and are now available for sale through Kannaway independent distributors and on Kannaway.com. The MFINITY sales force, known otherwise as Brand Ambassadors, will become Kannaway Brand Ambassadors, and will immediately have access to market and sell the world’s leading non-psychoactive, cannabis-based products.

For full story visit finance.yahoo.com

Noah Phillips, one of two Republican commissioners at the Federal Trade Commission, is set to leave the agency in the fall, he told POLITICO.

Phillips’ departure comes at an extraordinarily high-profile moment at the agency, one marked by a heightened skepticism toward corporate consolidation and tension between the Republicans and Democrats on the commission under Chair Lina Khan, a progressive antitrust hawk who has targeted the tech giants and corporate concentration across the economy.

While Phillips’ departure is unlikely to have any immediate impact on agency decision making since it won’t threaten Khan’s Democratic majority, it will create another opportunity for the White House and a bipartisan swath of lawmakers to push the agency to get even tougher in its fight against corporate power.

For full story visit politico.com