Thursday, August 5, 2021

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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

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

No avoiding discussion of legal pot

Some state political leaders hoped to avoid the challenging task of getting to a balanced budget without the additional $21.8 million in new revenue...

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