by Gary Miller
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.
Veriheal does not support illegally consuming therapeutic substances such as psilocybin but acknowledges that it transpires because of the current illicit status, which we strive to change by advocating for research, legal access, and responsible consumption. Always consult a physician before attempting alternative therapies. For the first time in over 50 years, a federal grant…
A brand new study featured in the journal Drug and Alcohol Dependence delivered exciting news to psychiatrists, health professionals, and law enforcement officials across the United States and beyond. The investigation assessed the suitability of using smartphone sensor data to detect cannabis intoxication, and it had promising results. The study, which was conducted by the…
Illinois cops can no longer search vehicles that smell of raw cannabis, Ohioans have gathered almost enough signatures on their proposal to legalize recreational cannabis in the state, and Connecticut police have called on lawmakers to protect the public from laced cannabis by accelerating the opening of state dispensaries. Let’s dive into this week’s cannanews….
For the first time ever, researchers will conduct a comprehensive state population health analysis to understand the impact of medical cannabis on consumers’ healthcare—and it’s all happening in Arkansas. To fund the study, a $1.3 million research grant has been bestowed upon a research team at the Arkansas Center for Health Improvement (ACHI) and the…
Washington D.C., the capital of the United States, has a unique situation when it comes to cannabis legalization. The cannabis gifting culture that developed in the city as a result of cannabis laws rife with ambiguity was recently threatened with new legislation, but a last-minute change to the bill preserved the popular practice. Because D.C.—which…
Dr. Raphael Mechoulam may just be the most significant person associated with cannabis science due to his discovery of the cannabis plant’s…
The most cost-efficient way to smoke weed is, of course, to smoke free weed. Sadly, most of us don’t have access to…
One of the most basic sets of terminology in the world of medical and recreational cannabis is that of cannabis weights. However,…
