A recent Pew Research Center survey found that more than half of Americans now favor legalizing marijuana.
The survey, coupled with the growing number of states that have passed laws legalizing recreational and medical use of pot, helps explain why there’s increasing talk of big tobacco and big pharmaceutical companies investing in the marijuana industry.
Marijuana is still illegal at the federal level, but if Big Business takes an interest who knows what could happen.
Specialty chemicals maker Eastman Chemical Co. on Wednesday signaled a long-term commitment to East Tennessee with announcement of $1.6 billion plan to modernize its Kingsport, Tenn. facility
The investment will be made over the next seven years and create 300 new jobs, company and state officials said in a news release.
The so-called Project Inspire initiative will include investment in “new growth opportunities, safety and environmental projects, increased warehouse capacity, building renovations and expansion of its corporate campus,” according to a news release.
Movie theater attendance was down last year and 2012 expectations are uncertain. Even so, a writer for the investment website Investopedia says today it’s a good time to own Regal Entertainment Group stock.
Taking a less rosy outlook on the Knoxville-based movie theater operator are a pair of financial research firms that on Tuesday downgraded Regal stock and lowered their price estimates.
In contrast to the depressing attitude of many pundits and politicians, a new study by the Milken Institute says there is clear evidence that the economy is doing better than generally believed.
“Despite the formidable obstacles in its path, the U.S. economy remains flexible and resilient — and right now, it has more underlying momentum than is generally acknowledged. Our projections show cause for measured optimism: A return to modest but sustainable growth is close at hand,” says the report “From Recession to Recovery: Analyzing America’s Return to Growth”.
Tha author of the California think tank’s report, Ross C. DeVol, admits his analysis runs counter to “the dark tone of the current debate about where the economy is headed.”