And the dwindling supply caused by the previous poor seasons drove up the price.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Recession fears grow. But how high is the risk?
For now, even the more pessimistic economists don’t expect a downturn anytime soon, but some say the risk is rising.
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Posted inBusiness, Nation & World
Wall Street’s losses worsen as markets tumble worldwide
Stocks deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest close in more than a year.
Posted inBusiness, Nation & World
Wall Street’s losses worsen as markets tumble worldwide
The S&P 500 tumbled 3.2%, deepening its losses following five straight down weeks, its longest such streak in more than a decade.
Posted inBusiness, Maine, Nation & World, Uncategorized
Pine Tree Legal among recipients as HUD doubles eviction help
The Department of Housing and Urban Development program is designed to fund legal assistance for tenants seeking to stay in their homes.
Posted inBusiness, Maine
Maine baby eel industry had one of its best seasons, netting $20 million
The per-pound price of $2,162 was the third-highest in state history.
Posted inBusiness, Maine
Woe to fish and chips: Haul of Atlantic cod, once abundant, reaches new low
Cod are the fish of choice for fish and chips in the U.S., but the collapse of the industry has left the country dependent on imports.
Posted inBusiness, Maine Cannabis Report
FDA warns CBD company about products for animals
The agency asked a North Carolina-based business to stop selling hemp extract and CBD for livestock, citing fears it could leach into human foods the animals produce.
Posted inBusiness, Maine Cannabis Report, New England
Over 15,000 applications submitted for 12 licenses to sell retail marijuana in Connecticut
The state will award licenses via a lottery system – six to applicants in areas affected by the war on drugs and six to general applicants. There was no limit set on how many applications one entity could submit.
Posted inBusiness, Maine, News
Few of Maine’s large landowners are taking part in carbon offsets
Even though the market has been around for decades, only 3.5% of the state’s large landowners have made deals to sell their carbon.