Two key backers of the latest plan to legalize marijuana in Ohio are a Cincinnati philanthropist and her brother, a venture capitalist who sits on the board of Build-A-Bear Workshop (NYSE:BBW), Northeast Ohio Media Group reports. Barbara Gould is a longstanding fundraiser for Democratic candidates, the organization said, while James Gould is the founder of private equity firm Walnut Group. The two became involved because they believe in the medicinal benefits of marijuana, a spokeswoman for ResponsibleOhio, the group pushing the initiative, told the paper. The most-notable part of ResponsibleOhio’s plan, besides making the drug legal, is 10 grow sites would be guaranteed a monopoly on supply. The story points out the organization has raised money for its campaign by creating 10 investor groups and selling shares in each for $2 million.
Another Honda supplier expansion
Honda’s growing operation in Ohio has spurred another of its suppliers to expand too. The Dayton Daily News reports Parker Trutec is adding about 20,000 square feet to its plant in Springfield, where it heat-treats metal components to make them stronger. “It’s fantastic for the local economy and the Ohio economy, what Honda has been doing,” Assistant Plant Manager Shannon Ricciardo told the paper. The company expects to add about 15 new jobs over the next few months. Parker Trutec isn’t alone – by a long shot. Other suppliers we’ve written about recently include KTH Parts Industries, Stanley Electric U.S. Company Inc., Sumitomo Electrical Wiring Systems Inc., American Howa and ISS America Inc.
Doug Buchanan directs daily online/digital news coverage for Columbus Business First.