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New Jersey Senate President Endorses Cannabis State Bank

The Marijuana Herald - Marijuana news and information Senate President Nick Scutari (D) says New Jersey should move forward with creating a state-backed bank dedicated to the cannabis industry, an idea first brought up by Governor Phil Murphy in 2019 that has yet to be implemented. Speaking during a webinar hosted by the New Jersey Cannabis Business Association (NJCBA), Scutari said such a financial institution could solve one of the industry’s …
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The Marijuana Herald broke the news in on Thursday, September 11, 2025.
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