Farmers say they’re already struggling with low hemp prices and fear losing out to bigger companies when licenses to grow cannabis become available.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
U.S. offshore wind power gets jump-start with 1st lease auction
The auction Tuesday is to develop commercial-scale floating wind farms in the deep waters off the West Coast, and similar auctions are in the works off Oregon’s coast next year and in the Gulf of Maine in 2024.
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Posted inBusiness, Maine, News, Uncategorized
Looming changes to regulations leave Sanford gravel businesses on shaky ground
The city may end a requirement that excavators obtain permits every 5 years, a process that can cost over $100,000. But some in the industry fear the new rules could be just as onerous.
Posted inBusiness, Nation & World, Uncategorized
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
The OPEC oil cartel and allied producers including Russia aren’t changing their targets for shipping oil to the global economy.
Posted inBusiness, Nation & World
Elon Musk says Apple is ‘fully’ advertising on Twitter again
Musk blasted Apple last week, saying the maker of iPhones and Mac computers had mostly stopped advertising on Twitter and had threatened to withhold the site from its App Store.
Posted inBusiness, Nation & World
From chicken wings to used cars, inflation begins to ease its grip
The Fed has been raising interest rates sharply since March in a bid to get inflation back to its 2% price stability target.
Posted inBusiness, Maine
Firefighters extinguish smoky fire Saturday at medical marijuana growing facility in Gorham
The fire at 36 Bartlett Road was likely caused by malfunctioning grow lights, a fire official said.
Posted inBusiness, Nation & World
Rail workers say deal won’t resolve quality-of-life concerns
The five-year deals include 24% raises and $5,000 in bonuses, but concerns remain about paid sick time and getting a day off.
Posted inBusiness, Nation & World, News
Want Christmas presents to arrive on time? Take note of shipping deadlines
Alaska and Hawaii are exceptions, however.
Posted inBusiness, Nation & World, News
Surging Twitter antisemitism unites fringe, encourages violence, officials say
Entrepreneur and owner Elon Musk announced a broad amnesty for most previously banned accounts and has personally interacted with fringe activists and white nationalists on the site in the weeks since he assumed ownership..