Legg Mason CEO Sullivan's compensation declines 12 percent

Legg Mason Inc. CEO Joseph A. Sullivan's compensation decreased more than 12 percent in the 2017 fiscal year after financial performance improved but still below levels in prior years. Sullivan took home $8.93 million, a $1.28 million decline from the previous year. This was also the third consecutive year Sullivan's compensation has fallen, according to Legg Mason's proxy filed Wednesday with the U.S. Securities and Exchange Commission. (Balt. Bus. Journal)

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Montgomery County’s Economic Development Corp. board gets insight into regional competition

Local officials will be watching the Montgomery County Economic Development Corp. over the next few years to see if its independent nonprofit model—hailed by elected officials—is effective in keeping businesses in the county and attracting new ones. On Tuesday, members of the nonprofit’s board found out firsthand what they’ll be up against when new member Carmen Larsen told them and the County Council about how Fairfax and Arlington counties tried to convince her to move her business inside their borders. (Bethesda)

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Flying Dog Tap House restaurant coming to BWI

A new restaurant marrying local beer with local beef is on track to open this summer at BWI Marshall Airport. Flying Dog Tap House will feature beef from Roseda Farm in Monkton and beers from the Frederick brewery for which the restaurant is named. It is expected to open in mid-July in Concourse A of the airport. (Balt. Sun)

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Baltimore's Sandlot to open Thursday with variety of food, cocktails

Local restaurateurs Corey Polyoka and Spike Gjerde's new Sandlot will open Thursday to the public for the first time. The 30,000-square-foot space was supposed to open over Memorial Day weekend, but inclement weather pushed the opening back. Sandlot will bring Gjerde's locally sourced food together with volleyball courts, summer drinks and a unique vibe in using repurposed shipping containers for food and a 1968 Airstream Safari to serve ice cream. (Balt. Bus. Journal)

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Oyster shell recycling program growing

A nonprofit group dedicated to restoring oyster reefs in the Chesapeake Bay says a shell recycling program is growing. The Oyster Recovery Partnership said Tuesday the program has grown by 28 restaurant members over the past six months. The new restaurant members are in Maryland, Virginia and Washington, D.C. (WMAR-TV)

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June 14 // Maryland removes restrictions on sale of naloxone at pharmacies

Maryland's pharmacies can now sell naloxone to anyone interested in the opioid overdose reversing drug, lifting the requirement for training and certification. The standing order by Dr. Howard Haft, state deputy secretary for public health, follows a legislative effort spearheaded by Gov. Larry Hogan to tackle the state's growing rate of fatalities linked to heroin and synthetic opioids. "Pharmacies play an important role in providing access to naloxone and counseling on how to recognize and respond to an opioid overdose," Haft said. "This order is yet another tool to fight this crisis and to provide immediate assistance to overdose victims." (Capital)

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Montgomery Co. medical marijuana company raises nearly $6M for interstate expansion

A Montgomery County medical marijuana company has completed a $5.89 million Series B funding round just a few months after closing a Series A raise a third of its size, a Securities and Exchange Commission filing shows. Green Leaf Medical LLC is one of the few companies that received approval from Maryland regulators last year to cultivate medical marijuana. The Gaithersburg-based company, led by a local entrepreneur Philip Goldberg, will use the new funding in its efforts to expand into Pennsylvania. (Wash. Bus. Journal)

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Merriweather: Birth of a classic music venue

Once rock and roll got its foot in the door, the floodgates opened. Merriweather now catered so much to rock and pop that Community Research and Development undertook a major renovation just to book an act. Jean Parker, the current general manager of Merriweather Post Pavilion, recounted how superstar Tom Jones only played at venues with a certain capacity, and Merriweather fell short. In a bid to book him, the permanent seats in the side loge sections were added in 1970 to increase capacity. (Balt. Sun)

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