Lawmakers seek tax on pot that raises revenue but keeps buyers off black market

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State lawmakers are debating how much they can tax recreational marijuana without driving consumers back to the black market.On Wednesday, the lawmakers charged with crafting Maine’s marijuana regulatory system struggled to find that “sweet spot” of taxing enough to pay for the cost of enforcing the law and some drug prevention, and hopefully making the […]

FairPoint merger plan includes $52.2 million in Maine investment

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FairPoint Communications’ new owner has agreed to invest $52.2 million in its networks and facilities in Maine if regulators approve a merger between the company that serves northern New England and its potential new owner, Illinois-based Consolidated Communications. The stipulation leaves open questions of how Consolidated plans to find $55 million in annual savings through […]

Hinckley Yachts plans major expansion

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Hinckley Yachts is planning a 19,500-square-foot expansion at its Southwest Harbor service yard.The Mount Desert Islander reported the investment is expected to be $1 million. The company produces high-end luxury yachts at its Trenton plant, runs a service yard and marina in Southwest Harbor, and has additional service yards in Northeast Harbor and elsewhere along […]