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Local Lenders Likely to Find Opportunities in Marijuana

Local Lenders Likely to Find Opportunities in Marijuana

by Diane McLaughlin | Feb 3, 2022 | Banking & Lending, CR Daily, Industry News

From retail stores and growers to delivery and transportation services, Connecticut’s incipient recreational marijuana industry will soon need somewhere to bank.

Lamont Signs Recreational Marijuana Law

Lamont Signs Recreational Marijuana Law

by The Associated Press | Jun 23, 2021 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

Gov. Ned Lamont on Tuesday signed a bill making Connecticut the 19th state to legalize recreational use of marijuana, which remains an illegal drug under federal law.

Lawmakers Advance Legal Pot Bill

Lawmakers Advance Legal Pot Bill

by The Associated Press | Apr 7, 2021 | Banking & Lending, CR Daily, Industry News

Connecticut lawmakers on Tuesday advanced Gov. Ned Lamont’s proposal to legalize recreational marijuana, but promised more changes to the bill.

Lawmakers Advance Legal Pot Bill

Lawmakers Hold Hearing on Marijuana Legalization

by The Associated Press | Mar 4, 2020 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

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.

Lawmakers Advance Legal Pot Bill

Connecticut and its Neighbors Regroup on Marijuana Legalization

by The Associated Press | Jan 14, 2020 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

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.

NCUA: Credit Unions Won’t Be Punished for Working with Marijuana Businesses

NCUA: Credit Unions Won’t Be Punished for Working with Marijuana Businesses

by The Commercial Record | Aug 7, 2019 | Banking & Lending, CR Daily, Industry News

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.

Lawmakers Advance Legal Pot Bill

CT Industrial Hemp Pilot Program Gets Underway

by The Associated Press | Jun 17, 2019 | Commercial & Industrial, CR Daily, Industry News

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.

Lawmakers Advance Legal Pot Bill

AG Tong Joins Coalition Backing Marijuana Banking

by The Commercial Record | May 13, 2019 | Banking & Lending, CR Daily, Industry News

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.

Lawmakers Advance Legal Pot Bill

First Vote on Recreational Marijuana Planned

by The Associated Press | Mar 25, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

Connecticut lawmakers are poised to cast the first vote of the legislative session on a bill that could legalize recreational marijuana in Connecticut.

Lawmakers Advance Legal Pot Bill

Push Expected to Legalize Recreational Marijuana

by The Commercial Record | Mar 14, 2019 | Commercial & Industrial, CR Daily, Industry News

Several state legislators are expected to make a push today to get Connecticut to legalize recreational marijuana.

NCUA: Credit Unions Won’t Be Punished for Working with Marijuana Businesses

Legal Marijuana Debate Grows in CT

by The Associated Press | Jan 22, 2019 | Commercial & Industrial, CR Daily, Industry News, Uncategorized

Efforts to legalize marijuana have stalled in previous sessions of the General Assembly, but proponents are hoping that with large Democratic majorities in the House and Senate, and with Gov. Ned Lamont’s stated support, legalization will finally happen this year.

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