The S&P 500 regains the ground it lost last week and closes just shy of another record.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Pop-up restaurants may stick around as COVID sees resurgence
They are cheaper to operate and still allow owners and employees to make a living.
Home sales in Maine dipped slightly in July, but prices kept rising
Despite a decline of about 5%, home sales were still above July 2019 figures.
PAC opposing CMP power line project is fined $2,500 for late filing
Mainers for Local Power failed to notify its contributors they were required to file a report to the Maine Ethics Commission once they donated more than $100,000 to the PAC’s cause.
Colorado marijuana entrepreneurs fuel ‘green rush’ in Oklahoma
Contrary to most other highly regulated markets, Oklahoma has no limit on the number of grows or dispensaries the state can handle and land is affordable and plentiful. “It’s the Wild West of weed,” said one entrepreneur.
New Jersey regulators approve rules for recreational cannabis market
With a heavy focus on equity and encouraging small businesses, the state will soon begin accepting applications. A date for when sales could begin has not yet been set.
Longtime housing advocate named to new post advising Mills administration
Greg Payne will lead housing policy initiatives as Maine addresses a need for 20,000 affordable housing units amid rising rents and real estate prices.
Maine tourism industry surges back, despite ongoing challenges of pandemic
Some businesses and destinations are on pace to set new revenue and visitor records this summer.
State regulators seeking members for medical marijuana workgroup
The group’s formation comes on the heels of a law that halted controversial rule changes proposed by the Office of Marijuana Policy.
Business set to return to former East Millinocket paper mill
Standard Biocarbon aims to turn wood chips into a soil additive that reduces the need for fertilizers.