Connecticut to Begin Accepting Applications for Adult-Use Cannabis Establishments This Week
ConnecticutMarijuana Industry NewsRecreational Marijuana February 1, 2022 MJ Shareholders 0
The state Department of Consumer Protection is going to start accepting applications for some adult-use cannabis establishment license types.
Cannabis was approved for adult use in Connecticut in June 2021 and retail sales are anticipated to begin in the state by the end of the year.
The Department of Consumer Protection will hold multiple lotteries on an ongoing basis and will announce the number of available licenses before each application round.
They said the application rounds for the eight license types that will be selected through the lottery process will open on a staggered basis.
The application period for the first round of lotteries will remain open for 90 days.
Applications for social equity cultivator licenses located in Disproportionately Impacted Areas will have a one-time 90-day application period beginning Feb. 3 and ending May 4.
Officials said they will hold two lotteries for each license type: a social equity lottery and a general lottery.
Applicants selected in the social equity lottery are subject to review by the Social Equity Council to confirm their social equity status.
To qualify as a social equity applicant, at least 65 percent of the ownership or control of the business must be held by individuals who meet the income and residency requirements for a social equity applicant outlined in the law. [Read more at NBC Connecticut]
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.