
Local Lenders Likely to Find Opportunities in Marijuana
From retail stores and growers to delivery and transportation services, Connecticut’s incipient recreational marijuana industry will soon need somewhere to bank.
From retail stores and growers to delivery and transportation services, Connecticut’s incipient recreational marijuana industry will soon need somewhere to bank.
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.
Connecticut lawmakers on Tuesday advanced Gov. Ned Lamont’s proposal to legalize recreational marijuana, but promised more changes to the bill.
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.
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.
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.
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.
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.
Connecticut lawmakers are poised to cast the first vote of the legislative session on a bill that could legalize recreational marijuana in Connecticut.
Several state legislators are expected to make a push today to get Connecticut to legalize recreational marijuana.
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.