Because marijuana remains illegal under federal law, big banks and credit card companies have long been reluctant to work with the industry, leaving the businesses heavily reliant on cash and making them attractive marks for robbers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine unemployment drops as total jobs nearly reach pre-pandemic level
Maine employers added about 3,400 jobs a month since January, driving the unemployment rate to its lowest point in two years.
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Posted inBusiness, Maine, Uncategorized
Maine home prices keep rising while limited inventory slows sales
The real estate market figures for March show a continuation of the pattern in sales and prices caused by a tight supply of homes on the market.
Posted inBusiness, Maine, News
NOAA delays enforcement of new lobster gear rules aimed at protecting right whales
The regulations designed to protect the endangered species still will take effect May 1, but the federal government will put off enforcement in light of supply chain issues affecting lobstermen.
Posted inBusiness
Netflix shares drop 26% after it loses 200,000 subscribers
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 26%.
Posted inBusiness, Maine, Morning Sentinel
Northern Light Health names new president of Waterville hospital, care center
Tricia Mercer will assume her new role May 9 overseeing Northern Light Inland Hospital and Northern Light Continuing Care Lakewood.
Posted inBusiness, Maine, Politics
Bill establishing Maine Space Corp. signed into law
The public-private partnership will be charged with developing the Maine Space Complex and overseeing the launching of small satellites.
Posted inBusiness, Uncategorized
Florida Gov. DeSantis pushes to end Disney self-government
DeSantis is asking the Legislature to repeal a law allowing Walt Disney World to operate a private government over its properties in the state.
Posted inBusiness, Lewiston-Auburn, Maine
Gov. Janet Mills signs law to close loophole that allows out-of-state debris
Final measure revised to ease the impact on Lewiston recycler that has benefited from past policy.
Posted inBusiness, Nation & World, New England
Biden pushes infrastructure plans in New Hampshire visit
Under the $1 trillion infrastructure law, $1.7 million will be used to dredge Portsmouth Harbor’s shipping channel and basin.