The legal market has been hampered by confusing regulations, high taxes and decisions by some communities to ban cannabis shops.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Average U.S. gasoline price falls 19 cents to $4.86 per gallon
The lowest average was in Baton Rouge, Louisiana, at $4.19 per gallon.
How one Maine town made sure it had a place to eat out this summer
Food-world connections and eager investors helped get the beloved family restaurant Dennett’s Wharf up and running in Castine.
Musk effort to kill deal leaves Twitter with only bad options
Staff were already on edge due to recent executive departures and restructuring of product leadership.
Production resumes at troubled Abbott baby formula factory
The Michigan plant whose February shutdown over contamination contributed to a national shortage shut down again in mid-June.
Wall Street ends winning week with mixed close on jobs data
The market’s key concern centers on the Federal Reserve’s effort to rein in inflation, and the risk its plan could send the economy into a recession.
Elon Musk abandons $44 billion deal to buy Twitter; company says it will sue
The possible unraveling of the deal is just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms.
Robust June jobs report clouds outlook for U.S. economy
The figures the government released Friday spotlighted the sharp divide between the healthy labor market and the rest of the economy.
U.S. dollar nearly equal to euro for 1st time in 20 years
The trend makes foreign goods slightly less expensive for Americans but threatens to hurt U.S. exporters.
U.S. mortgage rates plunge to 5.3% in biggest weekly drop since 2008
But the housing market is the least affordable it’s been since the mid-1980s.