Ticker: Pot license lottery draws 45 in Rhode Island; Big-ticket orders up 0.9% in November

Forty-five companies have purchased lottery tickets to open one of six new medical cannabis dispensaries in Rhode Island, according to the Department of Business Regulation.
If all applicants meet state requirements, six will be randomly selected to operate in different regions across the state, the Providence Journal reported.
Applicants were required to pay a $10,000 fee and submit detailed financial information and proof they have a physical site that complies with local zoning.
A dozen applicants applied to open a dispensary in the West Bay region that includes Cranston, East Greenwich, North Kingstown and Warwick.
The region with the highest odds of success includes West Warwick, Coventry, West Greenwich, Scituate and Foster. Only two applicants applied for this region.
Department of Business Regulation officials were unable to say when the lottery would be held.
The new dispensaries will not be able to grow their own product and will join three medical marijuana dispensaries operating in the state now.
Big-ticket orders up 0.9% in November
Orders to U.S. factories for big-ticketed manufactured goods rose a moderate 0.9% in November with a key category that tracks business investment plans showing a gain.
The November gain in orders for durable goods, items expected to last at least three years, followed stronger gains in recent months including a 3.8% rise in October, the Commerce Department said Wednesday.
A key category that serves as a proxy for business investment spending rose a modest 0.4% in November following much stronger gains of 3.6% in October and 3.9% in September.
Analysts are concerned that business investment could begin to fade if the resurgence of the coronavirus curtails demand.
The strength in November included a 3.4% rise in demand for motor vehicles and parts, which represented a rebound following a 2.5% drop in October.
Overall, orders for transportation equipment rose by 1.9%. Demand for commercial aircraft fell by 2.9% as the airline industry continued to be battered by a slump in travel due to the pandemic.

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