Alabama Enacts HB 445 to Regulate THC Products
News Summary Alabama has passed House Bill 445, regulating the hemp industry and banning smokable THC products while allowing consumable THC with strict limits. Governor Kay Ivey signed the bill amid concerns from local businesses about potential financial losses. Effective July 1, 2025, with enforcement starting January 1, 2026, the law limits THC to 10 […]
Diageo Begins Construction of New Facility in Montgomery
News Summary Diageo North America has launched a $415 million manufacturing and warehousing facility in Montgomery, Alabama, projected to create 100 permanent jobs and 750 temporary jobs during construction. The new site, which will span 360,000 square feet, aims to boost production capacity and promote sustainability through advanced technology. Alabama’s leaders express optimism for the […]
Melanie Bridgeforth to Resign as WFA President
News Summary Melanie Bridgeforth will step down as President and CEO of the Women’s Foundation of Alabama in February 2025, after leading substantial growth since 2018. Under her leadership, the foundation significantly increased revenue and supported women’s empowerment initiatives, including landmark legislative achievements. As the search for her successor begins, the WFA remains committed to […]
Paradigm Investment Group Sues Hardee’s Over Franchise Control
News Summary Paradigm Investment Group has filed a lawsuit against Hardee’s parent company, seeking to retain control over 76 fast-food locations amid claims of bad faith practices. The lawsuit highlights disagreements over franchise agreements, operational hours, and undisclosed fees. Paradigm asserts that it has invested over $173 million in the restaurants, while also raising concerns […]
Waverly Advisors Expands with GGM Wealth Acquisition
News Summary Waverly Advisors has acquired GGM Wealth Advisors, marking its 22nd acquisition and expanding its assets under management to approximately $17.4 billion. The acquisition strengthens Waverly’s services in the Maryland and Virginia markets and adds GGM’s $400 million in client assets to its portfolio. This strategic move indicates Waverly’s commitment to growth and enhancing […]
Summit Financial Acquires Parsons Broach Financial Services
News Summary Summit Financial has acquired Parsons Broach Financial Services, enhancing its growth strategy in the financial advisory sector. This acquisition marks Summit’s 26th since early 2024, integrating about $2.7 billion in assets. The move underscores a trend in consolidating advisory firms to improve client services and operational autonomy. Parsons Broach will leverage Summit’s resources […]
Direct Flights from Houston to Gulf Shores Now Available
News Summary Gulf Shores International Airport has launched its first commercial air service with direct flights from Houston, Texas, operated by Allegiant Airlines. This inaugural flight provides a new travel option for residents and tourists seeking quick access to the beach destination. Scheduled for twice weekly service, this move is expected to enhance connectivity for […]
New Direct Flights from Houston to Gulf Shores Launch
News Summary Gulf Shores International Airport introduces its first commercial air service with direct flights from Houston, operated by Allegiant Airlines. This new route aims to enhance travel convenience for beachgoers heading to Lower Alabama and the Florida Panhandle, allowing travelers to avoid lengthy road trips. Flights will operate twice weekly, and there are plans […]
Dalton Pharmacy Celebrates 122 Years of Community Service
News Summary Dalton Pharmacy in Slocomb, Alabama, has been a vital community resource for 122 years. Facing financial challenges due to insurance reimbursement practices, the fourth generation of the Dalton family is advocating for legislative changes to support independent pharmacies while continuing to offer personalized care and services to local residents. Alabama – Dalton Pharmacy, […]
Alabama’s Business Landscape Experiences Notable Changes
News Summary Alabama’s business sector is undergoing significant transitions following various promotions and appointments announced across the state. Significant leadership changes and honors highlight a dynamic economic environment in cities like Mobile, Birmingham, and Huntsville. Key figures in banking, healthcare, and education have taken on new roles, while notable recognitions have been awarded to local […]