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TAKING THE LEAD: Swansea-based BayCoast Bank is one of the few banks that has offered financial services to cannabis-related businesses in Massachusetts, and BayCoast Senior Vice President and Chief Financial Risk Officer Gary J. Vierra says the bank is doing the same in Rhode Island as retail cannabis sales ramp up.

Many banks remain leery despite legalized cannabis

As recreational cannabis sales take off in Rhode Island, opening and running a business still isn’t exactly simple for these merchants. For one, a delayed...

Cannabis arrest practices must be overhauled

More than 300,000 people were arrested for cannabis possession in 2020, FBI records show. Meanwhile, the drug is being legally sold for a profit...
SPECIAL ­EXPERTISE: ­Steven Monacelli, an accountant with expertise in cannabis at Withum Smith+Brown PC in Providence, with Brittany Crosi, marketing ­coordinator.

New cannabis firms warned about financial hurdles

New cannabis-related businesses are opening throughout the state ahead of Rhode Island’s official legalization of recreational marijuana sales, but specialized accountants are warning enthusiastic...
POTENTIAL PAVILION: Roger Williams Park Zoo Executive Director Stacey Johnson shows the area where a new, $12 million educational facility and events pavilion will be built if Rhode Island voters approve a $50 million “green economy” bond measure.

MONEY MATTERS: $400M in bond issues on R.I. ballot as borrowing...

Matt Dunn and Rainer Lohmann are among the top researchers at the University of Rhode Island’s Graduate School of Oceanography, but it’s tough to...
LAYING DOWN THE LAW: State Sen. Joshua Miller, D-Cranston, second from right, discusses a new Rhode Island law legalizing recreational marijuana use and its retail sales. Also on one of two panels at Providence Business News’ 2022 Business of Cannabis summit on Sept. 15 are, from left, Matthew Santacroce, R.I. Department of Business Regulation interim director; and Benjamin L. Rackliffe, a partner at Pannone Lopes Devereaux and O’Gara LLC.

Delayed commission appointment process expected to stall new cannabis retailers

PROVIDENCE – Though regulated recreational cannabis sales are set to begin in Rhode Island on Dec. 1, for some looking to break into the...

PBN summit: R.I. cannabis industry to face interstate competition, but ‘we’re...

WARWICK – By the end of the year, Rhode Island officials expect seven retail outlets will have begun selling recreational cannabis, said Matthew Santacroce,...
NEW DAY: Rhode Island is now the 19th state to legalize recreational marijuana use. The new law allows employers to prohibit marijuana use in the workplace but doesn’t define how to determine whether an employee is under the influence. / PBN FILE PHOTO/MIKE SALERNO

Employers must set the standard for impairment under marijuana law

Once Massachusetts, then Connecticut legalized recreational use of marijuana by adults, local business leaders who have long opposed it knew Rhode Island would eventually...

R.I. lawmakers approve recreational marijuana, sales to start Dec. 1

PROVIDENCE – Rhode Island is poised to become the 19th state to legalize recreational marijuana, with state lawmakers in both chambers approving legislation Tuesday. The...
KEEPING WATCH: Levi Tracy, part of the grow staff at medical marijuana cultivator Hangar 420 in Warwick, tends the near-harvest plants. / PBN PHOTO/MICHAEL SALERNO

Budding medical marijuana cultivator has high expectations for expansion

A marijuana company called Hangar 420 recently landed in Rhode Island, bringing with it a cargo of rare strains such as “Do Si Sherbert”...
THE RECREATIONAL MARIJUANA LEGISLATION introduced in the General Assembly on March 1 could bring in $20 million annually in state tax revenue, but supporters say the payoff could be much bigger. / PBN FILE PHOTO/MICHAEL SALERNO

Supporters of legalized cannabis touting the financial benefits

State leaders are banking on $18 million to $20 million in additional tax revenue annually if the recently introduced legislation to legalize recreational marijuana...
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