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Business and Economic News

What a federal ban on THC-infused drinks and snacks could mean for the hemp industry

What a federal ban on THC-infused drinks and snacks could mean for the hemp industry

THC-infused drinks and snacks have soared in popularity as alcohol sales have declined in recent years. But the bill that ended the federal government shutdown this month includes a provision to ban THC products derived from hemp. The $24 billion industry is now scrambling to save itself before the ban takes effect a year from now. 
by The Associated Press

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ByHeart baby formula from all lots may be contaminated with botulism bacteria, tests show

ByHeart baby formula from all lots may be contaminated with botulism bacteria, tests show

Laboratory tests of 36 samples of formula from three different lots showed that five samples contained the type of bacteria that can lead to the rare and potentially deadly illness. 
by The Associated Press

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Best Buy ups sales outlook heading into holiday shopping season

Best Buy ups sales outlook heading into holiday shopping season

Best Buy is raising its profit and sales expectations ahead of the holiday shopping season after a strong third quarter. Comparable-store sales at the nation’s largest consumer electronics chain rose 2.7 percent, fueled by computing, gaming and mobile phones. 
by The Associated Press

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Rochester hopes to grow economy beyond Mayo in the next decade

Rochester hopes to grow economy beyond Mayo in the next decade

Rochester’s Destination Medical Center is the state’s largest economic development project in history. At 10 years old, it has accomplished some of its goals. In the next decade, local leaders said diversifying Rochester’s economy will be a focus.
by Catharine Richert

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