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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,...

Questions raised over who should get ‘social equity’ cannabis licenses

After months of delays, Rhode Island’s cannabis market cleared crucial hurdles when the R.I. Cannabis Control Commission and Cannabis Advisory Board got off the...

R.I. recreational cannabis sales hit $7.1M in September

PROVIDENCE – Recreational cannabis receipts in Rhode Island reached $7.1 million in September, rising for the 10th consecutive month and continuing the upward trend...

R.I. cannabis sales climb in August

PROVIDENCE – Cannabis receipts in Rhode Island rose for the fourth consecutive month in August while new sales milestones were reached. The monthly financial report...
ATTENTION-GETTING: Stuart Procter, PureVita Labs LLC co-owner and laboratory director, left, speaks during a panel discussion at Providence Business News’ The Business of Cannabis Summit on Sept. 7 while panelists Ronald Crosson, center, chairman of the R.I. Cannabis Advisory Board, and Spencer Blier, CEO of Mammoth Inc., listen. Not visible behind Procter is panelist Armand T. Lusi, president of the Rhode Island Cultivator Industry Association. 
PBN PHOTO/MIKE SKORSKI

Cannabis industry says advertising key to overcoming glut of products

After the Rhode Island Cannabis Act was passed, Spencer Blier, CEO and founder of cannabis cultivator ­Mammoth Inc., says he saw the number of...
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...

R.I. cannabis commission schedules public ‘listening sessions’

PROVIDENCE - The R.I. Cannabis Control Commission wants to hear from you. The newly formed, three-person panel has scheduled four public “listening sessions” across the...

Cannabis regulatory panel gets introductory ethics lesson

PROVIDENCE – Despite years of combined service in the legal field, at its inaugural meeting Thursday the three-member R.I. Cannabis Control Commission was treated...
JUMPED THE BORDER: ­Edward Dow, CEO of Massachusetts-based Solar Cannabis Co., has opened a dispensary in Warwick. He’s seen sales in Rhode Island growing steadily while business in Massachusetts has declined. 
PBN PHOTO/RUPERT WHITELEY

Cannabis complications: Promising marijuana industry falling short of expectations

Dr. Jason Iannuccilli has invested a lot in his lab in the past year. Like many entrepreneurs in the cannabis industry, the co-founder of Pure­Vita...
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