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The latest Central Massachusetts business news |
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| Primetals to build wire rod mill for Indian manufacturer | | The Worcester location of U.K.-based metal mill manufacturer Primetals Technologies has landed a contract with an India-based steel company to build a new wire rod mills next year. | | Read more >> | | Worcester firm to treat OCD with brainwave device | | Achieve TMS East, depression treatment firm with three Central Massachusetts locations using a brainwave stimulation device, now hopes to offer the treatment for obsessive-compulsive disorder. | | Read more >> | | 2019 tax income cut more possible after $5.5% revenue growth | | For the first time in three years, Massachusetts taxpayers may be in line for another slight income tax cut in January 2019 after tax revenue growth in fiscal 2018 exceeded the threshold needed to meet the first trigger for a reduction. | | Read more >> | | Mass. courts uphold DEP authority on electric emissions | | The state's highest court on Tuesday upheld a state department's authority to impose a cap regulation establishing declining aggregate greenhouse gas emissions on power plants, dismissing arguments raised by an industry group. | | Read more >> | | | Like us on Facebook for our latest business news |
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| Question of the Week | | Can't answer the question in your email? Click here to view as web page before commenting. | The Cannabis Control Commission has been debating whether to ask lawmakers to address host community agreements between recreational pot companies and municipalities, some of which include extravagant payments to the community at the expense of the young companies and beyond the state-allowed 3 percent of the location's gross annual sales. Some advocates have pointed to this as one of the factors leading to the slow licensing process for an industry that was supposed to start selling July 1. Should cities be allowed to require marijuana firms to pay fees of more than the state-capped 3 percent of sales? No. Many of these companies are new and don’t yet have the capital to meet extraordinary demands. No. State law caps payments at 3 percent and no more. Yes. The impact of legal pot is not yet known and cities should guard themselves against potential impacts. Yes. If the company agrees to the contract it should be held to it. | |
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