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CREDIT ­ISSUES: Spencer Blier, left, CEO and founder of Mammoth Inc., one of Rhode Island’s licensed cannabis cultivators, in his facility with one of the Mammoth technicians. Because the federal government has not legalized cannabis, banking services and credit card processing are difficult to come by for businesses in the industry. 
PBN FILE PHOTO/MICHAEL SALERNO

Credit card restrictions curbing cannabis sector

People’s Credit Union CEO and President Sean Daly says major credit card companies and financial institutions remain cautious about entering the legal cannabis industry,...

BayCoast Mortgage promotes Nicholas L. Christ to CEO and president

SWANSEA – Full-service lender BayCoast Mortgage Co. LLC recently announced the promotion of Nicholas L. Christ, of Fall River, as CEO and president. Christ will...
ONE SOUTHCOAST CHAMBER of Commerce has relocated its New Bedford office into the former New Bedford Standard-Times building at 25 Elm St. / COURTESY GOOGLE INC.

One SouthCoast Chamber moves New Bedford office to former Standard-Times building

NEW BEDFORD – One SouthCoast Chamber of Commerce has a new home within the city – and in a location familiar to local journalism. The...

Thrive Behavioral Health welcomes three new board members

WARWICK – Thrive Behavioral Health has announced it has appointed Sharlyn Martinez, Judith Drew and Yonatan de la Cruz to its board of directors. Beginning...
Jim Wallace

Wallace receives Outstanding Citizen Award from One SouthCoast Chamber

JIM WALLACE, executive vice president and chief operating officer for BayCoast Bank, was recently presented with the Roger Valcourt Outstanding Citizen Award by the...

BayCoast Bank’s Brouthers receives Emerging Leader Award from ABA

SWANSEA – Casey Brouthers, vice president, associate general counsel for BayCoast Bank, has received the 2023 Emerging Leader Award from the American Bankers Association,...
HONORABLE GUEST: Jim Wallace, BayCoast Bank’s executive vice president and chief operating officer, will be presented with the Roger Valcourt Outstanding Citizen Award on Oct. 17 at a One SouthCoast Chamber of Commerce dinner at White’s of Westport in Westport. 
COURTESY ONE SOUTHCOAST CHAMBER OF COMMERCE

Editor’s Choice: Wallace to receive Valcourt award at One SouthCoast Chamber...

EDITOR’S CHOICE Wallace to receive Valcourt award at Chamber dinner ONE SOUTHCOAST CHAMBER of Commerce will hold its annual Roger Valcourt Outstanding Citizen Dinner,...
TALKING POINT: State Rep. Scott A. Slater, second from left, speaks during one of the panel discussions at Providence Business News’ The Business of Cannabis Summit on Sept. 7. Also participating was, from left, Kelly Wishart, chief operating officer of Coastline EAP; Drew Richards, director of Marcum LLP; Benjamin Rackliffe, partner at Pannone Lopes Devereaux & O’Gara LLC; and Kristyn M. Glennon, first vice president and Bank Secrecy Act/anti-money laundering officer of BayCoast Bank. 
PBN PHOTO/MIKE SKORSKI

Workplace still a place of confusion on cannabis

Both employers and employees have continued to grapple with the role of cannabis in the workplace as Rhode Island’s recreational market continues to develop. “We’ve...
STATE REP. SCOTT A. SLATER, second from left, speaks during one of the panel discussions at Providence Business News’ 2023 Business of Cannabis Summit at the Providence Marriott on Thursday morning. Also on the panel, from left, is and Kelly Wishart, chief operating officer of Coastline EAP/RISAS; Drew Richards, director of Marcum LLP; Benjamin Rackliffe, partner with Pannone Lopes Devereaux and O’Gara LLC; and Kristyn M. Glennon, first vice president and Bank Secrecy Act/Anti-Money Laundering officer of BayCoast Bank. The discussion was moderated by PBN Editor Michael Mello, far right. / PBN PHOTO/MIKE SKORSKI

PBN summit: Cannabis sector ‘a struggle’ but making progress

PROVIDENCE – As the R.I. Cannabis Control Commission takes the next several months to draw up the state's crucial first set of regulations on...
PROVIDENCE BUSINESS NEWS will host its 2023 Business of Cannabis Summit at the Providence Marriott from 9 to 11 a.m., Thursday, Sept. 7. Tickets are available.

PBN’s 2023 Business of Cannabis Summit slated for Sept. 7

PROVIDENCE – Key obstacles facing the cannabis industry and whether the projected revenue for the state, local businesses and economy will be realized are...
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