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.
Looking to find your medical cannabis in a state that hasn’t yet legalized it? It may be tempting to drive across neighboring state lines with more cannabis-friendly laws. However, the number of states that will authorize qualified patients from out-of-state medical marijuana programs is still relatively small. Which States Accept Out-of-State MMJ Cards? States That…
So you love smoking cannabis, but you’re tired of the same ole rolling papers. Perhaps you recently learned about the potential dangers and risks associated with tobacco blunt wraps and want a healthier option. Let’s explore some rolling paper alternatives that work well for blunts, joints, and spliffs. Types of Rolling Paper to Absolutely Avoid…
Bipolar disorder is a complex condition that impacts millions worldwide, leading to extreme mood swings, intense emotional episodes, and difficulty managing day-to-day life. But there may be some good news for those coping with this mental health issue. According to recent research, cannabis could offer unique benefits as part of an approach to managing bipolar…
As cannabis enthusiasts, we’re all too familiar with the stigma surrounding its use and the hoops that have to be jumped through to get it into medical research trials. But recent news of the DEA’s approval of a cocaine derivative for Parkinson’s disease research has left us scratching our heads. In light of this, one…
Despite the fact that the legal cannabis industry is growing, many people are still purchasing from the illicit market. A recent study investigated this matter and found that buying cannabis from the illicit market may be “better” than legal weed. The obvious reasons for choosing the illicit market over the legal market include the likes…
We sat down with the team at TerraLeaf, a medical cannabis dispensary servicing West Virginia, to ask them the Veriheal 5—five questions…
Gone are the days when cannabis was just an occasional treat—today, it’s a powerful source of holistic healing. According to a 2021…
Gaize is mastering the art of cannabis impairment detection. The Missoula, Montana-based company is gearing up for the launch of its first…