Connecticut’s recreational cannabis market is gearing up for its expected launch in spring of 2022, MJBizDaily reports. Sales from the program are projected to bring in $250 million in the first year and $750 million by the fourth year.
Despite a flurry of recent developments in New York’s adult-use market, Connecticut’s market is expected to launch first. New York’s recreational market is projected to bring in a whopping $2 billion in sales, but the state’s Cannabis Control Board does not expect licenses for recreational dispensaries to be issued until spring of 2023 at the earliest. The full launch of New York’s recreational market could take even longer.
While New York’s cannabis program has been publicized as a potential standard for social equity, Connecticut’s program appears to have equal, if not stronger, social equity considerations. Kaitlyn Krasselt, communications director for the Connecticut Department of Consumer Protection, said regulators are considering “the harm done by the war on drugs” in their policy decisions.
In addition to half of the recreational dispensary licenses being allocated to social equity applicants, existing medical marijuana producers and dispensaries can convert to recreational operations at a lower fee if they partner with a social equity business.
The program also includes a social equity provision stating that the first round of cultivation licenses will be given to social equity applicants with facilities located in areas harmed by the war on drugs. After this, licensees will be chosen by lottery. Regulators are still in the process of determining the number of licenses that will be issued based on market research.
Have you ever consumed cannabis and gotten a little too high for your liking? Or have you ever needed to calm down a friend who consumed too much weed for their tolerance level? If so, we’ve got you covered. Although an overdose (taking more than what is medically recommended) of delta-9 tetrahydrocannabinol (THC) is not…
Cannabis tinctures are relatively new on the scene compared to the long, thousands-year-old history of the cannabis plant itself. It was first recognized for its medicinal use in European medicine in 1839, and by 1851, medicinal cannabis tinctures had made their way into a drug almanac known as the United States Pharmacopeia. Despite prohibition throughout…
When Piper Lindeen’s son Zach began showing medical issues at just three years old, no one suspected a rare, severe form of epilepsy. Doctors initially didn’t recognize his symptoms as seizures. Eventually, they diagnosed Zach with epilepsy—but by then, his condition had worsened from a few seizures a week to several each day. As it…
Over the years, Hollywood has had a mixed relationship with cannabis. Portrayals have run the gamut from weed as the devil’s lettuce, able to ruin your life and destroy your mind after just a single puff, to a beneficial, life-giving MacGuffin. Because American audiences have such wide-ranging attitudes towards weed— according to the Pew Research…
You may think that when someone has a medical cannabis card, they are able to use cannabis however their medical practitioner sees fit. However, this is not always the case! Depending on someone’s employment and place of work, they may not be able to use cannabis, even if they were to obtain a medical cannabis…
Sign up for our newsletter
Get your medical marijuana card today
Sign up in under 5 minutes
Start By Selecting Your State
