Big Business
Associated Press/Photo by Charlie Riedel

Sears files for bankruptcy

by Lynde Langdon
Posted 10/15/18, 03:21 pm

Once America’s retail giant, Sears filed for Chapter 11 bankruptcy protection Monday after 132 years in business. The company plans to close 142 of its 700-plus remaining stores and lay off thousands of workers. Founded as a watch store, Sears blossomed into the Amazon of the early 1900s as a mail-order business. “What Sears did was make big-city merchandise available to people in small towns,” economist and author Marc Levinson said. The retailer at one time sold everything from build-your-own-house kits to grave markers.

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Photo illustration by Krieg Barrie

Going to pot

Business | As states legalize marijuana, tobacco companies are indicating their interest in the reefer business
by Jim Long
Posted 8/30/18, 10:18 am

Third in a series on the legalization of marijuana

Big Tobacco is joining the Green Rush. For years, four Big Tobacco companies—R.J. Reynolds, Philip Morris (now known as Altria), British American Tobacco, and Imperial Tobacco—have played down interest in the emerging marijuana market. Now, they are positioning themselves to pounce, a half century after the wacky weed first gained mass popularity.

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Photo illustration by Krieg Barrie

Pot in the bottle

Drug Abuse | Big Alcohol is adding a new ingredient—marijuana—to its moneymaking brew
by Jim Long
Posted 8/02/18, 02:35 pm

Second in a series on the legalization of marijuana

Three major beer sellers with familiar labels—Heineken, Corona, and Coors—are blazing the path to marijuana-infused alcohol. How they got to this point is a story of marketing maximizing, whatever the social effects.

By 2015, U.S. alcohol sales had dropped 15 percent in states (most of the country) that had legalized marijuana for medical use. That’s according to a study conducted from 2006 to 2015 by researchers from the University of Connecticut, Georgia State University, and Universidad del Pacifico.

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