Veterans Memorial Arena could get new name

first_imgVisions would pay Broome County $60,000 per year until the year 2030, beginning on January 1, 2021. Under the agreement, Visions would also create a “reserve account dedicated to increasing the number of live events at the Veterans Memorial Arena and Forum Theater”. The total under the new account would be in the amount of $126,000. According to the proposed resolution, legislators will cast their vote on Thursday, August 13. If approved, the arena would be named after Visions Federal Credit Union. The arena is being renamed after Maine’s Paper and Food’s contract expired in June. BINGHAMTON (WBNG) — The Broome County Legislature is expected to vote on a proposal next week that could pave the way to rename the former Floyd L. Maines Veterans Memorial Arena. However, if the county renovates the arena for $20,000,000, then the credit union would increase the annual payment to $120,000.last_img read more

When the Makers of Marlboro and Corona Get Into Marijuana

first_imgThe New York Times 12 December 2018Family First Comment: “There’s always been the expectation that big business was going to come in; we’ve been hearing rumors about ‘Marlboro Greens’ for decades now. Now we’re past the point of no return.”Legalisation of marijuana is simply the same thing as Big Tobacco II.They’re already lining up.#SayNopeToDope Proponents of legal marijuana spent decades fighting a slow battle for mainstream acceptance. Now, with recreational use legal in Canada and many states in the United States, big business is suddenly swooping in.Altria, the maker of Marlboro and other cigarettes, last week paid $1.8 billion for almost half of Cronos Group, a cannabis company in Toronto.In August, Constellation Brands, which owns Corona and other beers, paid $4 billion for a major stake in Canopy Growth, another Canadian marijuana company. That month, Molson Coors, another brewer, formed a joint venture with a cannabis company in Quebec.“There’s always been the expectation that big business was going to come in; we’ve been hearing rumors about ‘Marlboro Greens’ for decades now,” said Bethany Gomez, director of research at Brightfield Group, a cannabis market research group. “Now we’re past the point of no return.” The arrival of large multinational corporations portends sweeping changes for an industry that until recently operated in the shadows. As billions of dollars pour into product development, marketing and manufacturing, these companies will be looking to create big brands with the market share to match. Brightfield estimates that global legal cannabis sales will reach more than $31 billion in 2021, up from less than $8 billion last year.But while large-scale investments suggest that the mainstream acceptance of marijuana has reached a significant tipping point, longtime cannabis advocates are worried that the idealistic entrepreneurs who made this moment possible may get left behind.READ MORE: read more