BizWorthy

There’s a new product on the shelves at some Harris Teeter stores in Charlotte:  cannabis.  Some locations last week began offering a small selection of CBD lotions and oils made from hemp. For more on this and other business news "Morning Edition" host Marshall Terry is joined by Tony Mecia of the Charlotte Ledger Business newsletter for our segment Biz Worthy.

Home prices in Mecklenburg County last month saw their biggest jump in at least a year. The median sales price in July was $350,000, according to the Charlotte Regional Realtor Association. That’s up more than 10% from the same month last year.

Charlotte leaders are pushing to create and preserve more affordable housing to make up for a shortage of what city officials say is at least 24,000 units. And as developers approach City Council for rezonings, lately they’ve been including more of this type of housing. 

Something new is in the works for Ballantyne: affordable housing. Developer Northwood Office says it plans to make that part of a massive project it’s planning near the Ballantyne Hotel.

Another month brings another big tech announcement for Charlotte. Financial software company AvidXchange says it’s planning to build a second headquarters at the Music Factory just outside uptown and increase its workforce by 1,200.

Lowe’s has chosen Charlotte for its tech hub. Of course, that announcement was made last month, but the logistics of building that 23-story tower in South End and bringing on 1,600 IT workers will be a story for the next few years. This week we have a better idea of the incentives package the company will receive.

CBD oil sales are booming right now, but there's a threat looming for the small mom and pop CBD oil stores in Charlotte. Big retail chains are now looking to get in on the business. That's according to reporting by Tony Mecia of the Charlotte Ledger business newsletter. He joins WFAE's Morning Edition host Marshall Terry for our new segment BizWorthy.

Raleigh is known for having more tech jobs than Charlotte but that could soon change. Charlotte is on pace to surpass Raleigh-Durham and be dominant in the process. That's according to reporting in the Charlotte Ledger Business Newsletter. Tony Mecia, a former Charlotte Observer reporter, launched the newsletter in March and it's beating the rest of the media in a lot of business stories. So we invited Tony to join Morning Edition for a new segment to talk business news. He spoke to WFAE's Marshall Terry.