Connecticut made an important first step toward issuing adult-use marijuana licenses this week, prompting Gov. Ned Lamont to say a market launch could be only six months away.
Out of 41 applicants, the state’s Social Equity Council recommended 16 equity cultivation applicants to receive licenses.
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The next step is for the state Department of Consumer Protection to approve provisional licenses for the group, the New Haven Register reported. Applicants will be identified after that approval.
“We’re about six months away from opening a safe, equitable market,” Lamont tweeted following the Social Equity Council’s action.
The winners of final licenses will be able to build cultivation facilities totaling up to 250,000 square feet.
But the cultivation license fee of $3 million, believed to be the highest equity fee in the country, raised eyebrows.
The fee was a provision in the recreational marijuana bill passed by lawmakers last year and
Read full article on Marijuana Business Daily
