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Winning with wine

David Wolin, the owner of Old York Cellars winery in Ringoes and former Biglaw attorney, is a self-proclaimed worry wart. While peers spent March thinking all could go back to normal in a matter of weeks, Wolin and Old York took the position that pandemic-related changes might go on for a year.

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Still giving

The federal Coronavirus Aid, Relief and Economic Security Act has, by many accounts, left something to be desired. Former President Donald Trump signed the initial measure in March of last year to help keep businesses afloat as they faced an onslaught of restrictions and closures.

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Borrowing time

Across the nation, more than 5,000 commercial banks and savings institutions covered by the Federal Deposit Insurance Corporation reported that their third-quarter profits rose from the first and second quarters of this pandemic-stricken year. The institutions also increased their liquidity, and strengthened capital levels, which means “the banking industry remains well positioned to accommodate loan demand and support the economy,” according to a Dec. 1 FDIC report. That was the good news.

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Young leaves of cannabis plant. Top view. Nature background.

Green projections

Gov. Phil Murphy is expected to sign the New Jersey Cannabis Regulatory, Enforcement Assistance and Marketplace Modernization Act during the week of Jan. 11, but industry representatives believe adult use sales are months away. Timeline projections vary. If the yet-to-be-fully-seated Cannabis Regulatory Commission makes quick work of establishing the regulations by the end of the third quarter, some aspects of business can be up and running in the fourth quarter, said New Jersey CannaBusiness Association President Edmund DeVeaux. Rules must be drafted and then are subject to a period of public comment before being promulgated.

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