Chicago firm invests in medical marijuana researcher

Lincoln Park Capital of Chicago will invest up to $27 million in a Maryland company that plans to use some of the money for medical marijuana research, the Chicago Tribune reported recently.ImageJars containing various strands of medical marijuana sit behind a display case for awaiting patients. (Anthony Souffle / Chicago Tribune)

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Funeral products company gets new private equity owner

I never realized that there are companies who provide services to the funeral-home industry, so when I found out about a family-owned Joliet, IL, business, Deaton-Kennedy, that was bought by a private equity company, Prairie Capital, I just had to write about it for the Chicago Tribune.

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Video: Financial services at U.S. post office discussed w/ Bill Moller

I recently wrote about how the U.S. Postal Service is considering adding new financial products, including its own reloadable prepaid card and small loans, as a way to generate traffic and revenues as mail volumes decline, according to a report from the agency’s inspector general. It would mean competition for the payday loan industry. Bill Moller recently had me on his TV show to discuss the topic.

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