420 with CNW — Another Leading Democratic Senator Signs onto Schumer’s Cannabis Bill

After several delays and much anticipation, Senate Majority Leader Chuck Schumer formally filed his long-awaited cannabis legalization bill alongside Senate Finance Committee chair, Senator Ron Wyden, and Senator Cory Booker. This bill will legalize cannabis at the federal level and contains social equity provisions that would attempt to address the harms caused by the war on drugs.

Just a day after Schumer filed the Cannabis Administration and Opportunity Act (CAOA), the bill gained two cosponsors, one of them a leading Democratic Senator who praised the legislation but said there was still an urgent need to work on cannabis banking. With the inclusion of Assistant Democratic Leader Patty Murray and Senator Gary Peters as cosponsors, the number of senators signed onto the bill is now five.

In a press release, Murray said that the federal government needs to catch up to Washington state regarding cannabis laws. Washington legalized medical cannabis in 1998 and was the first state to legalize the sale and use of recreational cannabis. She stated that Schumer’s cannabis bill was based on justice, would strengthen the economy and would finally allow the federal government to adapt to the 21st century.

Murray said that the drug war was especially hard on people of color and noted that CAOA was important because it would address the “deeply unfair and unjust” laws that have harmed and marginalized such communities. Furthermore, she stated that the bill would modernize the country’s federal laws and strengthen the economy. Cannabis has proven to be extremely lucrative, with states that have legal recreational markets collecting more than $3.7 billion in taxes in 2021 alone.

The assistant Democratic leader also emphasized the need to address cannabis banking, specifically mentioning the bipartisan Secure and Fair Enforcement (SAFE) Banking Act, a bill that would protect financial institutions that work with cannabis businesses and finally grant those businesses access to much-needed banking services. Although SAFE has passed in the House of Representatives six times, the Senate has rejected the bill each time.

Murray acknowledged that while the reforms included in Schumer’s comprehensive legalization bill are critical, she was still committed to passing the cannabis banking legislation in some form. She said that it makes no legal sense for cannabis businesses to operate on a cash-only basis and that the SAFE banking bill, which she cosponsored, would finally bring the state-legal cannabis industry into the banking system.

However, the SAFE act has little chance of advancing past the Senate. Schumer has stated that he would rather pass comprehensive reform first before passing cannabis banking legislation. Last September, he revealed that he and a group of key senators had agreed not to advance banking reform before federal legalization.

The hopes of the entire marijuana industry and ancillary companies such as Advanced Container Technologies Inc. (OTC: ACTX) is that cannabis policy is finally overhauled at the federal level so that the regulations at the top are in tandem with the rules governing states with legal marijuana markets.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — NY Governor Announces $5m in Grants to Help Community Colleges Train Marijuana Workers

Recently, Gov. Kathy Hochul of New York announced that the state had allocated $5 million to community colleges for the improvement and development of programs and courses meant to help individuals secure jobs in the cannabis industry. Hochul stated that this initiative would help meet the demand for a skilled workforce in the burgeoning industry as well assist the administration in meeting its goal to ensure that there was equity in market opportunities.

The funding initiative will allocate $1 million each to a trio of community colleges in the State University of New York system and the remaining $2 million to one city University of New York community college. Each of these campuses is expected to partner with other community colleges in the state and will act as the marijuana education program lead.

The funds will be used for degree and nondegree eligible programs and courses, as well as stackable micro-credentials and credentials that will be developed to help the local cannabis businesses in the state to find qualified candidates.

In a press release, the governor stated that the state’s new marijuana industry was creating exciting opportunities, noting that the administration would ensure that individuals in the state who wanted careers in the flourishing industry could access the quality training they required to be successful. She added that inclusion and diversity are what made the state of New York a powerful and competitive asset, noting that they would also take steps to ensure that every person had the opportunity to participate in the marijuana industry.

The press release also stated that the selected colleges would serve social equity candidates as defined under the Office of Cannabis Management’s regulations. In addition to this, these institutions will also need to work with local cannabis businesses in their communities to help inform their marijuana curriculum. The Office of Cannabis Management and the Department of Labor in the state will also be required to connect businesses and individuals seeking jobs to these training programs. Once individuals have completed said programs, the Department of Labor will be tasked with assisting them with completing their resumes, preparing for job interviews and promoting career opportunities.

This initiative comes as regulators in the state work to develop and implement rules for the cannabis market, which is set to launch its adult-use marijuana retailers later this year.

The state of New York is one of many in the country that are working to advance cannabis legalization and decriminalization reforms so that licensed entities similar to Advanced Container Technologies Inc. (OTC: ACTX) can set up shop and serve clients in this space.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Notes Reports Indicating Agriculture May Be ‘Recession-Proof’ Space

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” called GrowPods, is pointing to a new study indicating that agriculture may be “one of the most recession proof sectors” because despite economic conditions, people still need food. The Money Made report studied the performance of 12 different asset classes against the S&P 500 during three recent market crashes, concluding that agriculture came out on top overall, averaging returns that are at least 24% better than those of the S&P 500. The company also noted that Small Business Trends News reported that the agriculture industry is one of the most recession-proof sectors, stating that food is “not a luxury that can be put aside during difficult times, so businesses in this sector can continue to do well even during a recession.” In addition, the company quoted Farm Folio, observing that farming is a “wise route for diversification” because during recessions when the value of stocks, bonds and other investments fall, farming assets historically increase in value. According to the company’s release, its GrowPods, or modular hydroponic farms, can be placed virtually anywhere and can grow the equivalent of three acres of traditional farmland — all in an automated, controlled, pesticide-free environment.

To view the full press release, visit https://cnw.fm/CEjvX

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called GrowPods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW — NIDA Boss Says Decriminalization Can Help Address Drug Addiction Problem

For the past couple of decades, America’s solution to the drug crisis has been criminalization. Most pundits agree that this approach has failed spectacularly, ruining millions of lives and indirectly channeling billions of dollars to the criminal enterprises behind the drug trade. Millions of Americans who would have benefited from medical treatment were branded as criminals and forced to spend years of their lives in prison.

The result is a country that largely views drug addiction as a criminal rather than public health issue. According to a top federal health official, the United States will have to overhaul its approach to drugs if it has any chance of reducing the stigma of addiction and putting an end to the substance abuse crisis.

Speaking in a recent blog post, National Institute on Drug Abuse (NIDA) director Nora Volkow said addiction treatment is desperately in need of change, especially in regards to identifying “pre-addiction.” This change would provide people with the resources they need to seek help before they develop addictions.

However, the impact of decades of drug criminalization still rears its ugly head as there is plenty of stigma and fear surrounding misuse disorders and their treatment. Since personal drug use is still criminalized in most states, people who stand to benefit from drug misuse treatment avoid programs that offer such treatments.

Volkow wrote in the blog post that “rebranding mild to moderate substance abuse disorder” as a common pattern of behavior rather than a criminal one could destigmatize substance use while increasing awareness of the negative effects of using drugs. Furthermore, she stressed that interventions for people who meet pre-addiction conditions should be destigmatized to ensure these individuals seek treatment.

She mentioned providing legal protections for people who disclose past or current use of illicit drugs to their doctors. Ideally, such protections would allow patients to talk about drug use without fear of legal reprisals, thus increasing the number of people who seek substance misuse treatment.

Fear of disclosure will remain a significant hindrance to addressing substance misuse as long as drug use is criminalized, Volkow wrote. She has talked about the harms of drug decriminalization on numerous occasions in the past, stating in a 2021 interview that there was no justification for putting people who use illicit drugs in jail.

Volkow also sent a letter with the head of the National Institute of Mental Health to senators arguing that criminalization was making it hard for scientists to research the possible benefits of psychedelics.

If cannabis and psychedelics are decriminalized or even legalized federally, companies such as Advanced Container Technologies Inc. (OTC: ACTX), which makes equipment to facilitate the indoor cultivation of various plants including cannabis, could see significant growth in the years to come.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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420 with CNW — The Marijuana Drinks Segment Looks Poised for Long-Term Growth

We have seen several major players enter the marijuana drink market in the recent past as more products are launched, despite the segment being in its infancy. While the focus in the past had been THC-infused drinks, we have seen interest in the wellness benefits linked to CBD growing as well.

Cannabis drinks are popular with consumers for various reasons, including fewer health concerns, discreetness, ease of consumption and less stigma when compared to other marijuana consumption methods such as smoking. These drinks also have faster onset of effects as the cannabinoids are quickly absorbed into an individual’s bloodstream under the tongue and through the mouth and the stomach. Marijuana beverages also come in different doses of CBD and THC, with most having both cannabinoids in them.

Additionally, these drinks are meeting the demands of the growing wellness market as consumers look for alternative edibles that are low in calories, sugar and alcohol.

What market share do these infused beverages occupy?

A Headset report comparing sales in the overall drinks market shows that in the United States, there’s consistent growth for marijuana drinks. In January of this year, cannabis drinks held about 1% share of the beverage market. This growth is more pronounced in the Canadian market because of legalization, with figures showing that marijuana drinks occupied about 2% of the overall beverage market at the start of this year.

The report also offered insight into the performance of different product segments in the marijuana drinks market, showing that in Canada, carbonated beverages occupied about 50% of the market share while marijuana-infused water occupied 20% of the market share.

In America, fruit drinks, lemonade and iced tea make up about 21%; carbonated drinks occupy about 25% of the market share; and syrups, elixirs, mixes and drops make up about 29% of the market share.

Where is the market going?

Some of the notable players in the marijuana beverages industry include Select, PTS, Levia, Cann and Keef, among others. These companies, which target different market segments, all have the ability to secure production and distribution partnerships.

The industry’s range means that there’s a lot of room for growth and for other companies to enter the market. The industry is expected to continue growing at a considerable rate, especially with increased access from legalization and rising demand from wellness trends.

However, before it can comfortably compete with the alcohol industry, the industry will have to overcome a few barriers. Despite this, we can expect to see more variety and innovation in marijuana-based beverages as time goes by, which will cement its share in the overall beverage market.

As the different product segments grow and reach maturity, companies such as Advanced Container Technologies Inc. (OTC: ACTX), which makes products targeting indoor growers, are likely to also see accelerating demand for their products.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Offers Solution to Grow High-Quality Crops Anywhere Year-Round

Advanced Container Technologies (OTC: ACTX) is the exclusive U.S. distributor of Grow Pods, environmentally controlled micro-farms that allow the cultivation of ultra-clean crops all year long. The newest projections for the global indoor farming sector, which bode well for ACTX, anticipate the market will expand from US$26.5 billion in 2021 to US$62 billion by 2030. “Offering the ability to grow high-quality crops anywhere, the Grow Pods offered through Advanced Container Technologies provide a controlled environment and the ability to grow year-round. The micro-farms also enable cultivation in a smaller footprint using less resources – huge advantages in a world where environmental and sustainability concerns are top priorities for consumers,” reads a recent article. “In November 2020, ACTX announced that it had entered into an agreement with Grow Pods manufacturer GP Solutions for the exclusive rights to market, sell and distribute GP products in the United States and its territories.”

To view the full article, visit https://cnw.fm/bnY3t

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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420 with CNW — Health Canada Remains Quiet on Timeline for Reviewing Marijuana Law

More than eight months after the Canadian government was supposed to begin a review of Canada’s 2018 adult-use legalization law, authorities have yet to begin the process. Additionally, Health Canada, the department in charge of the country’s national health policy, still hasn’t provided a timeline for reviewing the recreational cannabis law.

This delay has hindered the development of much-needed legislative reforms for the recreational cannabis industry, one industry executive believes. According to Aurora Cannabis senior vice president of global government relations Rick Savone, the legislative review needs to cover a lot before the industry can get the regulations it desperately needs.

However, he says that the government’s inaction means that precious little is getting done from a legislative or regulatory perspective. Savone also acts as the chairman of the Cannabis Council of Canada. The report, which was slated to start by October 2021, should have begun three years after Canada legalized adult-use marijuana.

The Cannabis Act that legalized recreational cannabis in Canada contained a provision requiring a review of the country’s legalization law three years after the law was enacted. When asked if the review had begun earlier this year, Health Canada spokeswoman Tammy Jarbeau declined to offer a specific timeline and stated that preparations for the review were underway.

More than four months later, the department still hasn’t provided a public timeline for the review process, leaving industry players waiting with bated breath. Savone says that most industry players are eagerly waiting to see how the statutory review goes before they can make the moves they need to make. In the meantime, however, he says that their competitors, especially those on the global scale, are steadily gaining market positions.

Stakeholders in Canada’s nascent recreational cannabis industry are anxious to cover issues such as government regulatory fees, potency limits for cannabis-infused edibles, excise taxes, and limitations on advertising and marketing once the review commences. Although the Cannabis Act doesn’t cover all of these issues, stakeholders say those issues still deserve to be addressed.

Fortunately, industry insiders will have a chance to discuss the issues in an upcoming cannabis roundtable that will bring together government officials as well as industry insiders to discuss key issues.

Although Health Canada hasn’t said why it hasn’t started the review, industry sources say there are several reasons behind this delay, including the coronavirus pandemic and the September 2021 snap election followed by the appointment of a new health minister.

The delays in Canada show that it isn’t only American-based companies such as Advanced Container Technologies Inc. (OTC: ACTX), which are being held back by the lack of progress in bringing national policies in line with the available science and the wishes of the people.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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420 with CNW — Marijuana Consumption Lounges May Open in Nevada by Year’s End

Adults aged 21 and older in Nevada may soon be able to use cannabis products publicly in cannabis consumption lounges by the end of the year after the Cannabis Compliance Board approved regulations for the consumption sites.

Although Nevada launched the recreational cannabis market back in 2017, the state only allows adults to consume the substance in private homes. This is despite the fact that Nevada’s cannabis industry has been a big draw for tourists, with plenty of visitors coming from out of state to sample products from cannabis retailers in Las Vegas. The result is that tourists are allowed to buy recreational cannabis, but they often have no place where they can consume it legally, especially if they aren’t friends with a local resident.

Last year, Nevada lawmakers approved a bill that legalized safe consumption sites and created two types of licenses for these establishments. Retail cannabis consumption lounges will involve retailers selling cannabis products for onsite consumption while independent cannabis consumption lounges will act as standalone lounges that sell ready-to-consume and single-serving cannabis products.

Regulators from the Cannabis Compliance Board overwhelmingly approved the new consumption site rules set forth by last year’s legalization bill in a recent board meeting.

Nevada Governor Steve Sisolak said that Nevada was giving the cannabis industry priority while protecting its citizens and diversifying the economy. A big supporter of Nevada’s cannabis consumption lounge law, Sisolak said that the law would finally provide a place for tourists to legally consume recreational cannabis. He wrote in an op-ed that Nevada would approach consumption lounges in an entirely different way compared to other states, making the lounges all-around entertainment shops that offer food, beverages and other entertainment options.

Tyler Klimas, the executive director of the state Cannabis Control Board, believes that Nevada’s cannabis social consumption rules are the most robust in the country. He stated that lounges for cannabis will be run more like bars where customers buy single-use products and consume them onsite rather than having to bring their own cannabis goods.

The new rules require that all consumption is carried out in private, with activities such as smoking and vaping taking place in a room that’s separate from the lounge. That said, customers will not be allowed to take single-use products off site. Furthermore, cannabis consumption lounges will also have the option to prohibit smoking and vaping if they wish, and they will be required to provide their guests with free water.

As the marijuana laws in different states are eased, plenty of people are likely to benefit from the latest technologies in the field, such as the automated micro farms commercialized by Advanced Container Technologies Inc. (OTC: ACTX) ideal for indoor crop cultivation.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) GrowPods Have Potential to Impact Global Food Shortages

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” announced that micro-farms, called GrowPods, has potential to help reduce global food shortages. According to the company, GrowPods provide a way for food production to take place virtually anywhere in the world, offering a way to enhance food security. The company noted that the war in Ukraine has disrupted global food supplies because the country is one of the world’s leading exporters of several agricultural products; the conflict has been tied to rising prices and import obstacles. The announcement noted that United Nations Secretary-General António Guterres warned that the war, along with other global crises, could “lead to mass hunger and famine because of the impact on food production and prices around the world” with tens of millions of people face food insecurity and malnutrition. He noted that the war in Ukraine, along with other global crises, threatens tens of millions of people with food insecurity, malnutrition, mass hunger and famine, resulting in governments and community groups are searching for alternative food solutions. ACTX’s GrowPods can be placed placed anywhere and can grow the equivalent of three acres of traditional farmland — all in an automated environment and without pesticides, harmful chemicals or risk of contamination. “Our modular hydroponic farms can provide healthy food where it is needed, and require minimal labor so that farming can be managed by just a few people with some basic training,” said Advanced Container Technologies CEO Doug Heldoorn in the press release. “Additionally, a GrowPod can be set up in a matter of just days, so that food shortages can be reduced in just weeks, instead of months or years.”

To view the full press release, visit https://cnw.fm/UiCeI

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://cnw.fm/ACTX

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420 with CNW — Federal Agency Funds Project to Develop 3D-Printed, Hemp-Based Building Material

Long before prohibitionist policies outlawed the cultivation, processing and sale of hemp, the plant had a wide range of functional uses, including being one of the most common fabric materials on the globe. Now that territories around the world are loosening their policies and launching hemp programs, more companies are hoping to take advantage of hemp’s many uses. One of the most interesting hemp applications has been using it as a building material called hempcrete.

Hempcrete is developed by mixing hemp turd with water and lime. The material only weighs a fraction of regular concrete, has a low carbon footprint as well as great moisture handling and resistance properties, and is fire resistant. A federal agency has now kickstarted a pilot project that would see researchers develop hempcrete using 3D-printing technology in an effort to create affordable housing.

The Department of Energy has provided Texas A&M University with $3.47 million in funding via its Advanced Research Projects Agency-Energy (ARPA-E) Harnessing Emissions into Structures Taking Inputs from the Atmosphere (HESTIA) program. The engineering department from A&M notes that hempcrete is a lightweight and durable alternative to conventional building materials.

The department also mentioned hempcrete’s relatively low carbon footprint. Lead researcher and assistant professor P. Sideris said that the hemp-based building material is a net carbon-negative material unlike regular building materials such as concrete whose production consumes a lot of energy and emits significant carbon dioxide into the atmosphere. The Global Concrete & Cement Association estimates that each ton of cement emits around half a ton of carbon dioxide.

Furthermore, the World Steel Association estimates that producing a ton of steel results in 1.85 tons of carbon emissions, with steel production being responsible for a whopping 8% of CO2 emissions.

Sideris states that hempcrete has excellent thermal insulating and fire-resistance properties that could allow homeowners to reduce their heating and energy costs. This federally funded research will help the United States maintain its global position as a developer of advanced construction techniques, infrastructure sustainability and resilient technologies, he said.

An assistant professor in the Zachry Department of Civil & Environmental Engineering, Sideris will lead the research team in developing potential designs for commercial and residential properties. His team is rounded out by Zachary Grasley, a head of department and professor, assistant professor Maria Koliou, associate professor Manish Dixit, and Texas A&M College of Architecture professor Wei Yan.

The Department of Energy has also sponsored a separate project on the development of hemp fiber insulation.

As more of these studies receive federal funding, the proliferation of cannabis and other crop-cultivation technologies, such as the micro gardens pioneered by Advanced Container Technologies Inc. (OTC: ACTX), is likely to increase as more uses of various cannabis species are found.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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