Browsed by
Author: dzadmin

How one startup wants to bring an innovative solution to the plastic bag problem

How one startup wants to bring an innovative solution to the plastic bag problem

Six years ago, Julia Marsh gathered with friends in the kitchen of her small Brooklyn apartment. She’d ordered some flour-like powder derived from seaweed off the internet, and — after watching tutorial videos on YouTube — she needed help with the baking required to turn it into an environmentally-friendly, compostable plastic.

“Early on, it was purely experimental,” said Marsh. “Let’s just see what we can make.”

As she smeared a sweet-smelling goo onto baking sheets, Marsh, then a design student at the School of Visual Arts in New York City, deliberated about what temperature to set the oven. Several trials later, her first bioplastic prototypes were born.

Sway co-founder and CEO Julia Marsh in her company lab on Wednesday, Nov. 27, 2024, in San Leandro, Calif. Bay Area startup, Sway the Future, is producing a plastic alternative out of seaweed. (Aric Crabb/Bay Area News Group)
Sway co-founder and CEO Julia Marsh in her company lab on Wednesday, Nov. 27, 2024, in San Leandro, Calif. Bay Area startup, Sway the Future, is producing a plastic alternative out of seaweed. (Aric Crabb/Bay Area News Group)

“They were ugly,” she said, and only “kind of resembled” plastic. But these early experiments gave the Monterey Bay native the confidence to fight against the torrent of single-use plastics threatening the oceans she grew up playing beside.

In 2020, Marsh co-founded Sway, a San Leandro startup that aims to replace conventional plastic packaging, made from petroleum products, with a green alternative. This year, Sway and four fashion brands will launch their first fully compostable seaweed-based “polybags” — the clear plastic packaging that protects new garments during delivery. read more

Colorado issues first psilocybin-related licenses, kicking off psychedelic industry rollout

Colorado issues first psilocybin-related licenses, kicking off psychedelic industry rollout

Colorado regulators have issued the first licenses to individuals seeking to open psilocybin-related businesses.

As of Thursday afternoon, the Department of Revenue’s Natural Medicine Division had approved seven license applications for prospective business owners, including one who wants to open a psilocybin mushroom cultivation and another who hopes to operate a healing center. Additionally, the division issued one license to a local who hopes to work in the nascent industry.

The licenses mark the first step in Colorado’s rollout of a legal psychedelic-assisted therapy industry. Although individuals have received approval from the state, each respective business also needs to be issued a license before it can begin operating. So far, no business licenses have received approval from the Natural Medicine Division, according to state data. Still, regulators at the agency expect the public could have legal access to services in this space as soon as spring.

Greeley, Colorado, resident Troy Leonard is among the first people to have his application approved. The 33-year-old Marine Corps veteran is the CEO of a company called Valor Minds, which seeks to open a small mushroom cultivation facility in Englewood to supply licensed healing centers. read more

What is cryptocurrency and how do I avoid scams when investing?

What is cryptocurrency and how do I avoid scams when investing?

After a Maryland teacher died by apparent suicide while under investigation for alleged financial fraud and child sex abuse, investors across six states told The Baltimore Sun Justin Rieger had invested their money in the cryptocurrency market.

The Sun interviewed two crypto experts about what cryptocurrency is, what investors should know about digital currencies, and why they can be riskier than traditional investments.

Jimi “Fitz” Fitzgerald is the host of “The Crypto Fitz Show and Podcast” where he decodes complicated financial terms. Daren Firestone is a partner at Levy Firestone Muse, where his practice focuses on representing whistleblowers in the crypto industry. Their answers have been edited for space and clarity.

Is crypto a digital stock market?

FITZ: Sort of. Stock markets are numerous and very different around the world. In the U.S. we have the Dow, S&P 500, NASDAQ, Russell 2000, and many others. Traditional stock markets are closed more hours than they are open. The crypto market is a worldwide 24/7 marketplace with all buying and selling out of the same pool of assets. read more

Fabric and craft retailer Joann to go out of business and close all of its stores

Fabric and craft retailer Joann to go out of business and close all of its stores

By ANNE D’INNOCENZIO, Associated Press

NEW YORK (AP) — Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and lovers of crafts projects for 80 years, is going out of business and shuttering all its stores.

The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January, the second time in a year. It cited sluggish consumer demand and inventory shortages. At the time it vowed it would keep all of its stores open.

But earlier this month, Joann said it planned to close 500 stores — or more than half of its nationwide footprint. The company said on Sunday that after a recent auction, financial services company GA Group, together with Joann’s term lenders, were selected as the winning bidder to “acquire substantially all of Joann’s assets” and would begin winding down the company’s operations and conduct going-out-of-business sales at all store locations.

Frontier Airlines adding 14 extra routes this spring

Frontier Airlines adding 14 extra routes this spring

By Lacy Pfalz, TravelPulse

Low-cost air carrier Frontier Airlines is launching more than one dozen extra routes this spring with new service to destinations from coast to coast and in the Caribbean.