Berkshire Bank’s foray into cannabis banking in Massachusetts signals opportunity still exists for banks to serve marijuana-related businesses not just in the state, experts say, but also in other “booming” markets around it.
A Republican majority in the U.S. House of Representatives doesn’t have to – and shouldn’t – be an obstacle to ending harmful laws that hobble legitimate marijuana businesses in Massachusetts, and the banks and credit unions that serve them.
Has the launch of the cannabis industry in the state degenerated into the same old, very Massachusetts game of political insiders and companies with the best-connected lobbyists grabbing the choicest opportunities for themselves?
The chairman of the Cannabis Control Commission raised concerns Thursday with what he said are “predatory financing deals” being offered by private lenders to minority marijuana entrepreneurs, and urged state legislators to address the issue by setting up a public lender.
Rather than keep the marijuana banking business it acquired bybuying Century Bank, Boston-based Eastern Bank has decided to transfer the business unit – but not to one of the banks already operating in the space.
Harvard and MIT’s hometown will consider applications for recreational marijuana businesses after all.
Recreational marijuana shops in Massachusetts raked in more than $420 million in sales in the first full calendar year of legalization, according to new state data, a measure of how popular the industry is.
The New York Stock Exchange’s only publicly-traded cannabis real estate company has agreed to invest an additional $8 million into a Holliston marijuana production facility in a deal with operator PharmaCann LLC
A fight between the Boston City Council and Mayor Marty Walsh over appointments to the city’s Zoning Board of Appeals could threaten the city’s humming pace of development.
Two of the main financial institutions in Massachusetts that bank marijuana businesses are planning to expand their services.
A Framingham farm could become the latest marijuana growing facility in Massachusetts under a plan to be put to the city’s planning board tonight.
A 150-year-old brick mill in Holyoke could soon become a hub for Massachusetts’ burgeoning marijuana industry following a $3.2 million sale.
A Springfield business is proposing to convert empty retail space at a Springfield mall to a marijuana growing and selling complex.
The U.S. House of Representatives will vote “in the next few weeks” on a bill that would protect banks working with state-legal marijuana companies from federal regulatory penalties, Rep. Jim McGovern said Wednesday.
Construction of a cultivation facility generating 7,500 pounds of marijuana flower and 400,000 infused products is on track for a summer opening in southeastern Massachusetts.
The Worcester Planning Board has given the green light to a planned marijuana manufacturing facility in the city.
While recreational marijuana use is legal for adults in the state, workers can still be fired for using the drug, even if it’s outside of work and its effects have worn off by the time they return to their jobs.
New England Treatment Access, Inc. (NETA) has expanded and continued their lease of 5 Forge Parkway in Franklin.
As a partner and chairman of the cannabis practice at the Boston-based law firm Foley Hoag, Kevin Conroy represents cannabis-related operators and investors in all aspects of their business including corporate formation and transactions, not-for-profit regulation, employment matters, trademark matters, banking and finance issues, coordination with federal regulations, legislative issues, business and regulatory disputes and real estate transactions.
The tide for marijuana and banking appears to be turning.
