A $28B hemp THC industry is fighting to save itself from a looming federal banThe ban “threatens to reduce retail revenues by $28.3 billion, displacing 225,000 jobs and reducing state sales tax potential by $2.1 billion,” according to a report last month from Whitney Economics, which studies the market.Chicago Tribune2d agoWhole story →CommerceEconomyhemp thc ban deadline
Mount Clemens approves water and sewer rate increase to fund infrastructure transitionThe Mount Clemens City Commission approved new retail water and sewer rates Monday that will increase the average residential customer’s monthly bill by 42 cents.M Live Michigan3d agoWhole story →CommerceBuildmount clemens rate increase approval
Visa Mastercard Antitrust Suit Targets Card Giants Over Billions in Merchant FeesA San Diego pizza restaurant has taken aim at two of the world’s biggest payment networks, accusing Visa and Mastercard of continuing to squeeze merchants with excessive “swipe fees” despite billions of dollars already paid to resolve earlier antitrust litigation. The Pizza Standard filed a proposed class action Thursday in federal court in New York,…USA Herald3d agoWhole story →CommerceEconomyvisa mastercard antitrust suit
Arlington Heights, Hammond mayors react to Bears’ stadium updateThe mayors of Arlington Heights and Hammond each released statements after NFL commissioner Roger Goodell met with Illinois Gov. JB Pritzker on ThursdayNBC 5 Chicago4d agoWhole story →CommerceJB Pritzkerbears stadium project update
California Sets Rounding Rules for Retailers Post-Penny PhaseoutCalifornia Gov. Gavin Newsom (D) signed Wednesday legislation establishing statewide rules for retailers to round cash transactions to the nearest nickel as businesses adjust to the penny phaseout.Bloomberg Tax News5d agoWhole story →CommerceEconomyGavin NewsomHR 10167california common cents act signing
Whistleblower loses fee bid in Walgreens' $4.7 billion settlement with US statesA federal judge on Tuesday denied a whistleblower's bid to receive a cut of retail pharmacy giant Walgreens' $4.7 billion settlement in 2022 that resolved opioid-related claims by more than two dozen US states.Reuters6d agoWhole story →HealthCommerceopioid settlement ruling
Penny Rounding Bill Heads to Trump as Retailers See ShortagesLegislation creating a national standard for rounding cash transactions to the nearest nickel won approval in the Senate and now heads to President Donald Trump for his signature.Bloomberg Tax News7d agoWhole story →CommerceEconomyHR 10167penny rounding bill passage
