Fintech Launches Credit Program for Cannabis Market
A Boston-based fintech has launched a new service that would bring consumer credit payments to the state’s marijuana businesses for the first time.
What’s Next as CT Looks Ahead Toward Legal Cannabis
Connecticut is poised to become the 19th state to legalize adult, recreational use of cannabis, now that a long-awaited bill has cleared the General Assembly and Democratic Gov. Ned Lamont has said he’ll sign it into law. Here’s a look at what to expect next.
Legal Cannabis Bill Clears State Senate, Lamont to Sign
Proponents of legalizing the adult use of marijuana in Connecticut dodged a threatened veto on Wednesday, advancing a revamped bill that Gov. Ned Lamont supports by a narrow vote in the House of Representatives.
Senate Passes Marijuana Bill, but Lamont Vows Veto
Paul Mounds, the Democratic governor’s chief of staff, issued a statement promising Lamont would nix the bill if it reaches his desk in its current form because it isn’t sufficiently focused on racial equity.
Advocates See Special Session as Second Chance for Climate, Cannabis
Advocates for different causes are hoping to get a second chance at passing a bill or securing funding in the new state budget as the Connecticut General Assembly prepares to return to the Capitol for a short special session this week.
House GOP Leader Says Pot Bill ‘Tainted,’ Vote Must Wait
With the Connecticut House of Representatives poised to take up a long-awaited bill that would legalize recreational marijuana for adults, the Republican leader on Tuesday called for an investigation into how language was tucked into the legislation that could have intentionally benefitted at least one individual.
Lawmakers Advance Legal Pot Bill
Connecticut lawmakers on Tuesday advanced Gov. Ned Lamont’s proposal to legalize recreational marijuana, but promised more changes to the bill.
N.E. Council Backs Bank Protections for Pot Industry
The New England Council, a business-minded organization that maintains close ties to members of Congress from the six northeast states, last week voiced its support for federal legislation to protect banks working with state-legal marijuana companies from federal regulatory penalties.
Lamont to Make Big Push for Marijuana Legalization
Connecticut Gov. Ned Lamont is making a major push to legalize the adult use of recreational marijuana after COVID-19 upended the 2020 legislative session.
Banking the Cannabis Industry
While working at a software firm that helped community banks and credit unions manage Dodd-Frank requirements, Mike Kennedy heard from executives who were looking for niche market opportunities to grow deposits and remain competitive against larger banks and fintech providers.
Lawmakers Hold Hearing on Marijuana Legalization
Connecticut lawmakers held a public hearing Monday to discuss details of a new bill proposed by the governor that would legalize recreational marijuana in the state.
Connecticut Lawmakers to Revisit Legal Pot in New Session
Connecticut lawmakers will revisit whether to allow recreational use of marijuana among people 21 and over in the new legislative session, but it remains questionable whether 2020 will be the year a bill clears the full General Assembly.
Fate of Legalized Marijuana in Connecticut Remains Hazy
After coming close this year, Connecticut lawmakers have yet to decide when to make another attempt at legalizing and taxing recreational marijuana.
AG Tong Joins Coalition Backing Marijuana Banking
A bipartisan coalition of state and territorial attorneys general are asking Congress to pass measures that would give legal marijuana-related businesses access to the federal banking system.
From Wall Street to Weed: How the Financial Crisis Lit Up the Pot Industry
As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next.
