A new poll commissioned by a trade group for community banks finds a large majority of voters think businesses in the marijuana industry should be able to access banking services in states where marijuana is legal.
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.
Connecticut lawmakers may have closed out the regular legislative session on Wednesday night, but they’re expected to return to the state Capitol soon to vote on legalizing recreational marijuana for adults, some remaining budget bills and possibly some other bills that didn’t survive in the first round.
Connecticut lawmakers on Tuesday advanced Gov. Ned Lamont’s proposal to legalize recreational marijuana, but promised more changes to the bill.
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.
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 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.
A year ago, marijuana legalization looked like it was on a roll in the Northeast – it had already passed in three of the region’s states and was a priority for governors in three more, including the populous New York.
After coming close this year, Connecticut lawmakers have yet to decide when to make another attempt at legalizing and taxing recreational marijuana.
The federal regulator overseeing the credit union industry said lenders he oversees won’t be punished for providing services to marijuana businesses in compliance with state laws.
Affinity Health & Wellness officially opened at 1351 Whalley Ave. in New Haven recently, in the former Tommy K’s plaza on the New Haven/Woodbridge border. It is the city’s first and only medical marijuana dispensary.
With the new growing season underway, Connecticut’s Department of Agriculture has been busy processing applications from dozens interested in growing industrial hemp as part of the state’s new research pilot program.
Insured deposits at financial institutions would see a bump if Congress provided legal safety for those banking marijuana businesses.
Connecticut lawmakers are poised to cast the first vote of the legislative session on a bill that could legalize recreational marijuana in Connecticut.
In the legislative session that begins Wednesday, some legislators the General Assembly will look for ways to increase the state’s $10.10 an hour minimum wage.
The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream.
New Haven officials reported more than a dozen overdoses on July 4 due to synthetic marijuana.
While a bipartisan bill that would pave the way for financial institutions to bank marijuana picks up steam, panels in the U.S. House and Senate are defeating measures and amendments that are essentially attempting to do the same thing.
Local news outlets are reporting that Citizens Bank last week told customers with connections to the marijuana industry that their accounts would be closed.
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.
