Five things you need to know today, and a city’s embrace of Martin Luther King Jr.

Good morning, everyone. The Business Journal’s offices are closed today, but here is an abbreviated version of the five things you need to know in Boston business news today. We’ll be back in full swing in this space tomorrow. ‘The Embrace’ unveiled Unless you’ve been trapped under a large piece of living room furniture for the past couple of weeks, you know the 22-foot-high sculpture called “The Embrace” has now been installed and unveiled on Boston Common. Scroll down for more, plus photos from Friday. The cost of cannabis Despite a widespread perception that cannabis entrepreneurs rake in the profits, the industry faces plenty of unique burdens. In the latest Weekly Edition , Cassie McGrath takes a closer look at the restrictions and obstacles such businesses endure , from curbs on advertising to prohibitively high taxes and real estate costs. Join the BBJ for a discussion on the economy at our Economic Outlook luncheon, Jan. 26 at Seaport Hotel Boston. Register here. Holiday sales slog Local small businesses saw the dollar amount in holiday sales increase by just over 1% compared with the 2021 holiday shopping season — a far cry from the 4% annual increase that the Retailers […]

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