Why are there state restrictions?

[ss20ts]

I was looking at Rasmussen College for their CBE MBA this morning. Looked interesting until I go to the very end and it says the program is not open to residents of Connecticut, New York, and Rhode Island. I saw a thread on here recently about an online program not open to Rhode Island and thought that was odd. Now I'm really curious why Rasmussen's program isn't open to 3 states. I live in NY and we've had online learning and self learning through independent study so this really confuses me. We have an entire SUNY (state university system) school that has always been about adult learning through distance learning - Empire State College (ESC). I find this very odd and wondered if anyone knew why this is happening. I understand certain programs such as nursing and education are restricted due to licensing, however, licensing isn't an issue with an MBA.