Banking & Finance

When the first recreational cannabis dispensaries in Massachusetts opened in November 2018, their parking lots assumed a festive air as people lined up, sometimes for hours, to get the newly legal product. Nearly five years later, legal cannabis has become an unremarkable part of the state economy.

As was the case for the first two years of debt payments, the saving grace for the current fiscal year 2023 and the next fiscal year 2024 is a $3-million property sale from 2021.

Saint John’s High School trustee and alumnus Dennis Crowley has committed $1 million to support the school’s Curriculum of Care in Support of Community Wellness priority of the private Shrewsbury boys-only high school’s strategic plan.

The Clinton Area Chamber of Commerce, an affiliate of the Worcester Regional Chamber of Commerce, named 12 local business leaders to its first board of directors.

WBJ is conducting a Midyear Economic Forecast survey of its readers to gauge how the events so far in 2023 have impacted their outlooks on the Central Massachusetts economy. Those who fill out the survey by June 14 will be eligible to win one of three $50 gift cards to an area restaurant.

People are on the move at ERA Key Realty, Cunningham Equities, and more Central Massachusetts businesses.

Electric Hydrogen is opening a manufacturing facility in Devens to begin building its advanced electrolyzers, which can run off of renewable energy thanks to technological advances the company has made.

Scarlet Spa and Wellness Center was approved for a $32,000 loan from the North Central Massachusetts Development Corp.

Renew You MedSpa has received a $75,000 loan from the North Central Massachusetts Development Corp.

As the House and Senate prepare for budget negotiations to get underway in a few weeks, a coalition advocating for debt-free public higher education is making a final push for historic investments into the sector with the advent of newly available surtax funds.