What is a social equity joint venture? Connecticut Social Equity Joint Ventures will create new business in CT to benefit social equity applicants that qualify. Connecticut defines an Equity Joint Venture (EVJ) as a business entity, partnering with a licensed producer, DIA cultivator or dispensary facility, that is at least 50 percent owned and controlled …
Connecticut cannabis establishment licenses statutes include favorable conditions for social equity applicants. The following are some of the advantages offered to social equity applicants: (1) expedited or priority licensing; (2) 50 percent of all licenses will be awarded to social equity applicants; (3) reduced licensing fees for the first three renewal cycles; and (4) tax …
The prospect of a legal adult-use marijuana industry is generating significant excitement among Connecticut’s business community. Entrepreneurs, producers, and investors are starting to plan their businesses and looking for more information on how to open a dispensary in Connecticut. The license application for retailer licenses is coming at the start of February, so it is …
Connecticut has become the 19th state to legalize adult-use cannabis, on June 22, 2021, when Governor Ned Lamont signed SB 1202 into law. Aside from the creation of the adult-use program, the bill changed the preexisting medical-marijuana program. The law went into effect on July 1, 2021. The new CT Cannabis law prioritizes social equity by allowing …
Connecticut Cannabis Establishment License: How to Apply In February of 2021 Gov. Ned Lamont proposed a legislation that would permit the sale and possession of recreational marijuana in Connecticut, starting in 2022 and relying on the existing infrastructure of medical cannabis producers and dispensaries for a fast start while also offering opportunity to newcomers. Gov. …
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