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PLAN AHEAD: When it comes to cannabis businesses working with insurance companies, Joseph Pakuris, CEO of Mother Earth Wellness Inc. in Pawtucket, says it requires more time, resources and advanced planning than other businesses. PBN PHOTO/MICHAEL SALERNO

Cost of insurance coverage grows for cannabis businesses

Business Services 09/01/2023

Since kicking off recreational sales in late 2022, Rhode Island’s cannabis industry has undergone sweeping changes this year, with seven recreational dispensaries currently operating...

OPENING THE DOOR: Frederick Reinhardt, CEO and president of Greenwood Credit Union, says the Warwick credit union started providing services to cannabis-related businesses in part because of safety concerns over operating a large all-cash enterprise. / PBN PHOTO/MICHAEL SALERNO

Lack of banking hinders R.I.’s cannabis sector

Entrepreneurship 06/11/2021

The cannabis industry may be expanding in Rhode Island, but these types of businesses still struggle to find financial institutions that will provide financing...

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