Some CareFirst members poised to see first premium decreases in 20 years

Maryland individuals who purchase health insurance through the state's five-year-old Affordable Care Act exchange are poised to see the first decrease in their premium costs in 2019. Following federal approval of a program that aims to stabilize the ACA-born insurance market, Kaiser Permanente and CareFirst BlueCross BlueShield are seeking price decreases for their individual market plans. The drop follows four consecutive years of double-digit percentage hikes. (Balt. Bus. Journal)

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US port weighs cost of Donald Trump’s trade war

As container trucks rolled by under his office window near the Port of Baltimore, Cono Bucolo, a 68-year-old customs broker, described the reality of operating on the front lines of US president Donald Trump’s trade war. One client recently forked out $18,000 in duties for a shipment of galvanised wire from China worth $84,000 — taking a big hit because of the tariffs imposed by the US on steel imports this year. Another importer was so panicked about Mr Trump’s threat to slap 25 per cent levies on a further $200bn of Chinese products this autumn, potentially targeting a key product and wounding his business model, that Mr Bucolo’s staff worried for his health. (Balt. Bus. Journal)

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The first store in a national medical marijuana retail chain has opened in Woodlawn

The Botanist, the first store in a planned national retail chain dispensing medical marijuana, opened Monday in Woodlawn. The store at 7175 Security Blvd. will serve as the flagship site for a retail brand that owner Acreage Holdings plans to expand to 40 locations in several states by next year. Acreage, a cannabis operator founded in 2014 as High Street Capital Partners, runs growing, processing and dispensing facilities in 14 states. (Balt. Sun)

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Baltimore debates York Road commercial property surtax

Commercial property owners along Baltimore’s York Road corridor face paying a surtax to fund a proposed business improvement district. Councilman Bill Henry introduced legislation on Monday in the city council to allow the creation of a York Road Business Improvement District. If approved, the a surtax would be charged to market the corridor, provide amenities in public areas and pay for supplemental maintenance and security services. (Daily Record)

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Businesses mostly cold on beer, wine sales in food stores

More than a dozen local business owners are speaking out against legislation proposed by the Frederick County liquor board that would allow licensing supermarkets to sell beer and wine. Local alcohol store owners told the Board of Licensing Commissioners on Monday that allowing grocery stores to sell beer and wine would signal the end of their businesses. (News-Post)

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How a local designer plans to revive Baltimore's garment industry

Baltimore fashion designer Stacy Stube is looking to revive the city's garment business industry through a new program aimed at fashion entrepreneurs. Stube is the Indonesian-American designer behind Baltimore-based custom dress brand Elsa Fitzgerald. She has served as the fashion entrepreneur in residence at the University of Baltimore's Center for Entrepreneurship and Innovation for about two years. In 2015, Stube launched a program there called Fashion Business Weekend, a series of one-off events held to provide business training and support for a new and growing generation of fashion makers in the city. (Balt. Bus. Journal)

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Centrus has agreement with S. Korean firm for nuclear power cooperation

A Maryland supplier of nuclear fuel and services for the nuclear power industry is looking to work more closely with a South Korean engineering, procurement and construction contractor. Centrus Energy Corp., of Bethesda, and Doosan Heavy Industries and Construction Co. Ltd. on Monday announced a memorandum of understanding to look at ways to cooperate on providing manufacturing, engineering and technical services to the nuclear power industry. (Daily Record)

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Baltimore legal museum launches renovation project

If a visitor walks into the Museum of Baltimore Legal History in the Mitchell Courthouse, they will not see anything the about strides the legal community has made for women and minorities and in LGBT rights. So, for the first time since it was founded in 1984, the museum is looking to update its exhibits to document those advancements. (Daily Record)

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