Come summer, people buying cannabis in Chicago will pay 6% in local pot taxes, in addition to the state tax on pot, which ranges from 10% to 25%, depending on the potency of the product being purchased.
Sales statewide slid from more than $2 million in the opening days to about $1.2 million as dispensaries struggled to keep shelves full.
Jewel-Osco’s corporate parent is expected to announce in a few weeks whether it will proceed with an initial public offering of stock, which could be valued at around $19 billion.
Grubhub’s stock rose Wednesday following unconfirmed reports that the Chicago-based restaurant delivery company is considering a sale.
Chicago is among the top 10 best-paying metro areas in the nation. That’s according to new research just published by U.S. News & World Report.
After selling like gangbusters on day one, legal marijuana transactions dropped off a bit, as expected, on day two.
Boeing’s 737 Max headaches continued Wednesday with news that an Irish company that buys and leases airplanes is suing the Chicago-based aerospace giant.
Crain’s has learned that Health Care Service Corporation, the parent of Blue Cross and Blue Shield of Illinois, is cutting dozens of employees from its staff.
Bloomberg reports that Boeing will temporarily halt production of its grounded 737 Max jetliner next month, according to a person familiar with the matter.
Plans are afoot to consolidate financially struggling hospitals that serve Chicago’s poorest residents on the South Side.
Federal aviation regulators won’t clear Boeing’s troubled 737 Max airplanes for flight until sometime in 2020. That’s according to an interview that Federal Aviation Administration chief Steve Dickson gave to CNBC on Wednesday.
The bankrupt estate of Sears Holdings Corporation and the hedge fund division that bought the retailer’s troubled remains out of bankruptcy have been engaged in an ugly fight over the value of certain assets.
United Airlines President Scott Kirby will take the reins in May, capping a turnaround effort at an airline that had become an industry laggard after a rocky merger with Continental Airlines as well as a national PR nightmare.
Illinois-based truck and engine maker Navistar is accused of bilking the Pentagon out of almost $1.5 billion.
BMO Harris Bank is preparing to cut jobs as part of a companywide cost-savings push. Executives with BMO’s Toronto-based parent company announced the new cost cuts Tuesday as they posted the bank’s earnings for its fiscal fourth quarter.
The Chicago-based maker of social media management software announced Monday that it aims to raise $156 million in an initial public offering of stock.