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R.I. can profit from marijuana debate

Editorial and Op-Ed 12/20/2019

Short of an economic downturn, Gov. Gina M. Raimondo’s plan to again propose legalizing recreational marijuana use for adults appears dead on arrival in...

BAYCOAST BANK, one of its Rhode Island branches shown here, is one of the few banks in the area that openly court deposits from marijuana-related businesses. The Swansea, Mass.-based community bank decided to take the step nearly a year ago as more marijuana-related businesses were opening after Massachusetts began licensing recreational marijuana dispensaries, in addition to medical marijuana dispensaries previously legalized in Massachusetts and Rhode Island./COURTESY/BAYCOAST BANK

BayCoast accepts marijuana-industry deposits

Financial Services 10/11/2019

Legalizing marijuana is one thing, banking on it is another. At least one bank in the area, however, is venturing into those waters –...

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