Connecticut – MJ Shareholders https://mjshareholders.com The Ultimate Marijuana Business Directory Wed, 13 Mar 2024 11:31:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 Connecticut To Show Price Per Gram of Flower Online https://mjshareholders.com/connecticut-to-show-price-per-gram-of-flower-online/ https://mjshareholders.com/connecticut-to-show-price-per-gram-of-flower-online/#respond Wed, 13 Mar 2024 11:31:35 +0000 https://hightimes.com/?p=302801

Connecticut’s Department of Consumer Protection (DCP) published a new dataset, showing the price per gram of “usable cannabis” sold in the state’s adult-use cannabis and medical marijuana markets, according to a March 11 press release

The dataset’s category “usable cannabis” essentially means flower and includes raw flower in whole, ground, or pre-rolled form, without additional extracted materials.

Currently, a gram of cannabis in California is hovering around $12 per gram, which is slightly up from years prior. The Register Citizen reports that the average price per gram of cannabis in Connecticut has increased steadily for months since October 2023, when the cost of cannabis was at $9.68 per gram—its lowest since adult-use sales kicked off in the state. The price of flower in Connecticut has increased, going from an average of $11.93 per gram in January to $12.28 per gram in February. 

“In February, the average price per gram of usable cannabis was $12.28,” the announcement reads. “The new dataset includes data collected since the market opened in January 2023.”

According to High Times Trans-High Market Quotations in the March issue, which does not track the price per gram, the average price of an ounce across America was $296. This means that when you’re buying in bulk, the average price per gram dips to around $10.

The state recorded $15.6 million in adult-use cannabis sales during the month of February, plus an additional $9.4 million in medical cannabis sales, for a total of $25 million in total cannabis sales, state data shows. It represents a $2.6 million decrease in total cannabis sales from January, when sales were down $2.6 million from the previous month. 

The dataset was added as part of the Department’s monthly data release, which to date has included total retail sales, number of products sold, average product price, and types of products sold. The most recent data for each dataset have also been published in accordance with the Department’s monthly cannabis data schedule.

The data will continue to be updated monthly on or after the 10th of each month. Going forward, DCP will make announcements when new datasets have been made publicly available, and the DCP will no longer issue monthly press releases related to existing datasets.

Reporters and members of the public who are interested in new monthly data published to existing datasets should check ct.gov/cannabis monthly on the 10th or the first business day after the 10th of each month.

The data does not include taxes collected at the point of sale on adult-use transactions, and medical cannabis patients do not pay taxes.

Connecticut Doubles Limit on Cannabis Purchases

Last November, Connecticut regulators doubled the amount of adult-use cannabis consumers can purchase in a single transaction.

Connecticut’s cannabis regulatory agency announced an increase in the amount of cannabis that can be bought in a single transaction by doubling the state’s limit on recreational marijuana purchases. Under the new regulations approved by the DCP, adult-use cannabis consumers are permitted to purchase up to a half-ounce (about 14 grams) of cannabis flower or its equivalent beginning next month. 

The limit on purchases of medical marijuana has not been changed. It remains at 5 ounces of cannabis flower or the equivalent monthly, with no limits on purchases in a single transaction.

“DCP has continually reviewed available supply and demand since prior to the launch of the adult-use cannabis industry in January 2023,” DCP Commissioner Bryan T. Cafferelli said in a statement from the agency. “As more retailers, production companies and other supply chain licensees have come online, the capacity of the industry has increased. We are confident this measured approach to adult-use sales has resulted in a healthy market for businesses, and a safe and fair marketplace for adult-use cannabis consumers and medical marijuana patients.”

Connecticut collects data through BioTrack, the state’s Seed-to-Sale Tracking System, a real-time inventory system used to track an individual cannabis plant from the point it is planted as a seed or clone to the point of sale.

All medical and adult-use cannabis licensees are required to input data into this system, showing the movement of cannabis products as they are grown, manufactured, tested, and ultimately sold. (Information about the person who purchases the final cannabis product is not recorded.) 

Connecticut officials record cannabis sales data every month, so you can map the steady march of adult-use cannabis sales by looking at month-to-month sales on one of their many graphics.

DCP does not make revenue projections, set sales expectations, collect taxes, nor do they regulate prices. The DCP also provides information to protect consumers from common scams and other threats.

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Female Orgasmic Disorder Could Become a Qualifying Condition for Medical Cannabis in Four States https://mjshareholders.com/female-orgasmic-disorder-could-become-a-qualifying-condition-for-medical-cannabis-in-four-states/ https://mjshareholders.com/female-orgasmic-disorder-could-become-a-qualifying-condition-for-medical-cannabis-in-four-states/#respond Tue, 05 Mar 2024 13:28:53 +0000 https://hightimes.com/?p=302688

Female Orgasmic Disorder Could Become a Qualifying Condition for Medical Cannabis in Four States | High Times

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Connecticut Legal Loophole Allows THC Seltzers at Liquor Stores https://mjshareholders.com/connecticut-legal-loophole-allows-thc-seltzers-at-liquor-stores/ https://mjshareholders.com/connecticut-legal-loophole-allows-thc-seltzers-at-liquor-stores/#respond Wed, 31 Jan 2024 19:30:25 +0000 https://hightimes.com/?p=302172

Liquor stores in Connecticut—not licensed cannabis retail stores—are selling THC-infused drinks such as seltzers legally, due to a legal loophole regarding dosages listed on the cans.

Cannabis retail stores are selling cans listed as one serving, but the same cans of cannabis-infused seltzer, usually running in sizes from 7.5 – 12 ounces, are labeled as five servings in a package at a liquor store or market.

All they have to do is ensure that each serving contains less than 1 mg of THC per serving and they can sell the seltzers without violating state law. CT Insider reports that when the drinks are labeled as five servings rather than one, they are technically legal to be sold anywhere in the state, so long as other elements of the packaging are in line with state rules.

“You can sell that in a local convenience store. It’s a seltzer. It doesn’t have any alcohol in it. It is a non-alcoholic beverage,” said Larry Cafero, Wine & Spirits Wholesalers of Connecticut executive director, and former Republican leader in Connecticut’s House of Representatives. “The manufacturer, in order to get around a Connecticut law, is creating stickers that turns a 12-ounce can that they had initially labeled as one serving into multiple servings, so that they could comply with the THC-per-serving standard.”

“So, we have this little loophole,” he said.

State authorities confirmed they are operating within the scope of law.

Connecticut’s Department of Consumer Protection (DCP) clarified that the drinks are indeed legal. “A package containing less than 1 milligram of THC per serving and less than 5 milligram per package is not considered cannabis, and may be produced and sold without a license,” DCP spokesperson Kaitlyn Krasselt confirmed. 

Connecticut legalized adult-use cannabis in 2021 and later became available for purchase by adults at retail outlets in January 2023. Connecticut Governor Ned Lamont signed legislation to legalize adult-use cannabis in June 2021, ending the prohibition on possession of cannabis by adults 21 and older and creating a framework for regulated adult-use cannabis sales. The bill also included restorative justice and social equity measures, including provisions that led to the expungement of nearly 43,000 marijuana-related convictions

“This is constantly evolving, and we realized as a committee that we’ve got to get further ahead of this so that’s why this session we’re going to be changing that definition to make it even just a more bright line rule,” said state Rep. Michael D’Agostino (D-Hamden), who is also chairman of the legislature’s general law committee. 

The current plan is to drop the THC limit to .5 mg per container, D’Agostino said. Any products containing more THC than that would only be available in licensed cannabis retail outlets.

“The question is, what is cannabis or not cannabis right now? The products that do not meet the definition, i.e. under 5 milligrams of THC per container, are not cannabis and therefore they’re not subject to the cannabis laws,” D’Agostino said. “But once we change this and lower the threshold, even more of those laws will apply.”

DCP issued further guidance recently to liquor stores in the state, clarifying that while THC-infused seltzers are legal to sell, they cannot be labeled as “cannabis.” That includes seltzers labeled as “canna-beverage.” As a result, some liquor stores began removing products from their shelves after receiving the guidance. 

The legislative session convenes Feb. 7.

Connecticut Doubles Limit on Cannabis Transactions

Cannabis consumers in the state are now able to purchase larger amounts per transaction. Connecticut’s cannabis regulatory agency announced in November 2023 that it is increasing the amount of cannabis that can be bought in a single transaction by doubling the state’s limit on recreational marijuana purchases. Under the new regulations approved by the Connecticut DCP, adult-use cannabis consumers will be permitted to purchase up to a half-ounce, or about 14 grams, of cannabis flower or its equivalent beginning in December 2023. 

Medical cannabis in the state is another story. The limit on purchases of medical cannabis has not been changed. It remains at 5 ounces of cannabis flower or the equivalent monthly, with no limits on purchases in a single transaction.

“DCP has continually reviewed available supply and demand since prior to the launch of the adult-use cannabis industry in January 2023,” DCP Commissioner Bryan T. Cafferelli said in a statement. “As more retailers, production companies and other supply chain licensees have come online, the capacity of the industry has increased. We are confident this measured approach to adult-use sales has resulted in a healthy market for businesses, and a safe and fair marketplace for adult-use cannabis consumers and medical marijuana patients.”

Details are being ironed out regarding where cannabis seltzers can be sold in the state.

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Connecticut Cannabis Gifting Event Receives Cease-and-Desist Letter https://mjshareholders.com/connecticut-cannabis-gifting-event-receives-cease-and-desist-letter/ https://mjshareholders.com/connecticut-cannabis-gifting-event-receives-cease-and-desist-letter/#respond Tue, 09 Jan 2024 17:29:20 +0000 https://hightimes.com/?p=301766

In Connecticut, the “HighBazaar” is a private cannabis event that has been held since 2022. The Masonic Temple Day Spring Lodge in Hamden hosts these events, which in the past has attracted hundreds or even thousands of people. The event is what many news outlets and politicians call a cannabis “gifting party,” where attendees pay a fee for entry and can purchase cannabis accessories or obtain “gifts” that come with cannabis.

Now, Connecticut Attorney General William Tong is claiming that the event violates state law. Tong recently sent a cease-and-desist letter to HighBazaar event hosts Joseph Accetulo and Cody Roberts. “Our office has become aware that you are involved in organizing recurring, unlicensed cannabis markets under the name HighBazaar. It appears that these events involve the illegal marketing and sale of cannabis outside of the regulated market and that the events are accessible to individuals under the age of 21,” stated the cease-and-desist letter. “These events appear to violate the Connecticut Unfair Trade Practices Act (CUTPA), General Statutes § 42-110a, et seq., the Responsible and Equitable Regulation of Adult-Use Cannabis Act, General Statutes § 21a-420, et seq., and/or other applicable laws and regulations. We request that you cease holding these events immediately. If you do not do so, our office will explore all legal options.”

Neither hosts have commented on the letter yet, but CT Insider spoke with Christina Capitan, CT CannaWarriors founder who has previously been involved with HighBazaar. Capitan described Tong and his office are “against us in service of a corporate monopoly puts [former Gov.] Ned Lamont as the Face of the Drug War 2.0.” “While we are disappointed, we are not surprised, as this is simply a continuation of Gov. Lamont’s efforts to criminalize cannabis home growers while simultaneously denying anyone without millions the ability to get a legal license in Connecticut,” Capitan said.

Another CannaWarriors member, Ivellise Correa, explained the harmless nature of the events. “It’s just a flower. We’re not selling crack. This is a craft cannabis community,” Correa said.

Not everyone is happy with the current state of Connecticut’s cannabis industry. Louis Rinaldo told CT Insider why now is the time to reevaluate these cannabis events. “It’s time for us to collectively pivot to a more populist solution, one that opens up the market to local small craft producers and caregivers,” Rinaldo said.

While the HighBazaar has remained private, it has created a stark divide between advocates and politicians. “On one side we have a group of advocates whose net impact on cannabis policy has been regressive, after flaunting their exploitation of the gifting loophole and forcing state legislators to close it,” Rinaldo explained. “On the other side, we have elected officials who instead of serving the people, serve as enforcers of market share protectionism for the state’s four incumbent licensed producers. All while frustrated patients and consumers continue to source from outside Connecticut’s regulated market due to ongoing quality, pricing, and trust concerns.”

In March 2022, House Bill 5329 was introduced and by May it was signed by Gov. Ned Lamont. It implemented limitations for cannabis gifting, as well as a charge violators $1,000 for gifting.

Recreational cannabis sales launched in Connecticut in January 2023, allowed existing medical cannabis dispensaries to be licensed to sell adult-use cannabis. Immediately after sales began though, some legislators proposed changes to the state cannabis program, including new application fees.

In February, Attorney General Tong sued five retailers for conducting delta-8 THC cannabis products sales under the Connecticut Unfair Trade Practices Act. Cannabis products in Connecticut cannot be sold by unlicensed retailers and must meet rigorous testing and packaging requirements. Period,” said Tong. “Any unlicensed Connecticut retailer selling delta-8 THC products that purport to contain high levels of THC is breaking the law and may be subject to both criminal and civil penalties.”

Meanwhile, adult-use cannabis sales in Connecticut continue to rise. As of December 2023, annual cannabis sales earned between January 2023-November 2023 reached $127 million. That includes an increase in monthly sales for every month last year, with January kicking off sales at $5.1 million, followed by increases in February ($7.02 million), March ($9.6 million), April ($10.2 million), May ($11.5 million), June ($12.5 million), July ($13 million), August ($14 million), September ($14.3 million), October ($14.7 million), and November ( $15.3 million). Data for December 2023 sales has not yet been reported by the Department of Consumer Protection.

Medical cannabis on the other hand, has been fluctuating slightly in overall sales, with the lowest income recorded in January 2023 with $8.2 million, and the highest set at $12.6 million in March 2023.

Recently in December 2023 though, where alcohol sales are prohibited on Christmas Day and New Year’s Day, cannabis sales were still permitted. “And, because we regulate many things you may be wondering about, Connecticut Law does not prohibit the sale of cannabis, or limit your ability to place wagers during the holidays,” said Consumer Protection Commissioner Bryan T. Cafferelli. “No matter how you choose to spend the holidays, please know your limit, arrange designated drivers and be respectful of the establishments and communities where you celebrate.”

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Connecticut Allows Weed, Not Alcohol Sales on Christmas and New Year’s Day https://mjshareholders.com/connecticut-allows-weed-not-alcohol-sales-on-christmas-and-new-years-day/ https://mjshareholders.com/connecticut-allows-weed-not-alcohol-sales-on-christmas-and-new-years-day/#respond Fri, 22 Dec 2023 19:31:03 +0000 https://hightimes.com/?p=301498

Connecticut’s Department of Consumer Protection (DCP) released a press release Wednesday, reminding residents that alcohol sales will be banned on Christmas and New Year’s Day, but cannabis and gambling is allowed.

Connecticut officials told residents to buy alcohol ahead of time if they want booze on Christamas and New Year’s Day.

“Every year we remind consumers and businesses that, due to Connecticut law, hours for some liquor permittees change during the holidays. If you choose to consume alcohol with your holiday celebrations, be sure to make those purchases ahead of time, and, of course, please drink responsibly,” said Consumer Protection Commissioner Bryan T. Cafferelli. 

“And, because we regulate many things you may be wondering about, Connecticut Law does not prohibit the sale of cannabis, or limit your ability to place wagers during the holidays. No matter how you choose to spend the holidays, please know your limit, arrange designated drivers and be respectful of the establishments and communities where you celebrate.”

Changes to hours for certain liquor permittees are only in effect on the day of the actual holidays, Dec. 25 and Jan. 1, which both fall on a Monday this year.

The announcement included the specifics of where alcohol can be purchased:

Regarding off-premise alcohol consumption, package stores must remain closed on Christmas Day and New Year’s Day; Grocery stores cannot sell beer on Christmas Day or New Year’s Day; and Manufacturer permits cannot sell alcoholic liquor to go on Christmas Day or New Year’s Day.

Regarding on-premise alcohol consumption, Permittees who serve food may sell alcohol for on-premise consumption on Christmas Day; Normal hours remain the same, except premises may stay open an extra hour New Years Eve evening until 3 a.m. on New Year’s Day morning.

If anyone has questions about the policy in Connecticut they are encouraged to contact DCP’s Liquor Control Division via email or phone.

“Adults who choose to consume cannabis are reminded to do so responsibly, including storing cannabis products in their original packaging, locked up and out of reach of children and pets,” the release reads. “Resources regarding responsible cannabis use, as well as information about addiction and health risks is available at ct.gov/cannabis.”

Cannabis sales in the state have no signs of slowing down, according to state data published each month.

Connecticut Doubles Personal Cannabis Limit 

The DCP announced in an Oct. 10 press release that new preliminary data shows combined sales for adult-use and medical cannabis totaled to over $25 million for the period from Sept. 1 to Sept. 30, 2023. The numbers do not include adult-use cannabis taxes, and medical cannabis patients never have to pay taxes on cannabis purchases.

“The adult-use market recorded more than $14.3 million in sales during the month of September, while the medical marijuana market recorded almost $11 million in sales for the same period. Adult-use sales began on Jan. 10, 2023,” the report reads.

“In September, medical marijuana patients purchased 284,116 products, and adult-use consumers purchased 376,035 products,” the report continues. “The average product price for medical marijuana patients was $38.21 in September, while the average price of adult-use products was $38.37. In September, 52 percent of sales were usable cannabis, or flower, while vapes made up 30 percent of sales. Edible products represented 11 percent of sales.”

Connecticut regulators have doubled the amount of adult-use cannabis consumers can purchase in a single transaction.

Per the new regulations approved by the Connecticut DCP, adult-use cannabis consumers will be permitted to purchase up to a half-ounce (about 14 grams) of cannabis flower or its equivalent beginning next month. 

The limit on purchases of medical marijuana has not been changed. It remains at 5 ounces of cannabis flower or the equivalent monthly, with no limits on purchases in a single transaction.

The DCP noted in a statement that the decision to increase the limit on adult-use cannabis purchases was made based on an ongoing analysis of supply and demand in Connecticut’s regulated cannabis market. The agency also said that the limit will continue to be reviewed over time, adding that the caps are in place to help ensure an adequate supply of cannabis for both adult-use consumers and medical marijuana patients.

“DCP has continually reviewed available supply and demand since prior to the launch of the adult-use cannabis industry in January 2023,” DCP Commissioner Bryan T. Cafferelli said in a statement from the agency. “As more retailers, production companies and other supply chain licensees have come online, the capacity of the industry has increased. We are confident this measured approach to adult-use sales has resulted in a healthy market for businesses, and a safe and fair marketplace for adult-use cannabis consumers and medical marijuana patients.”

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Connecticut Continues To Sell $25M Per Month in Combined Adult-Use, Medical Pot https://mjshareholders.com/connecticut-continues-to-sell-25m-per-month-in-combined-adult-use-medical-pot/ https://mjshareholders.com/connecticut-continues-to-sell-25m-per-month-in-combined-adult-use-medical-pot/#respond Thu, 12 Oct 2023 23:30:40 +0000 https://hightimes.com/?p=300133

Cannabis is flying off shelves in Connecticut, according to state data, and adult-use cannabis transactions accounted for over half of the money coming in. Adult-use sales began on Jan. 10 and sales revenue has increased every month since the market launched.

The Department of Consumer Protection (DCP) announced in an Oct. 10 press release that new preliminary data shows combined sales for adult-use and medical cannabis totaled to over $25 million for the period from Sept. 1 to Sept. 30, 2023.

The numbers do not include adult-use cannabis taxes, and medical cannabis patients never have to pay taxes on cannabis purchases.

The Hartford Courant reports that the sales numbers represent a new record, though it’s close to the totals recorded in August.

“The adult-use market recorded more than $14.3 million in sales during the month of September, while the medical marijuana market recorded almost $11 million in sales for the same period. Adult-use sales began on Jan. 10, 2023,” the report reads.

“In September, medical marijuana patients purchased 284,116 products, and adult-use consumers purchased 376,035 products,” the report continues. “The average product price for medical marijuana patients was $38.21 in September, while the average price of adult-use products was $38.37. In September, 52 percent of sales were usable cannabis, or flower, while vapes made up 30 percent of sales. Edible products represented 11 percent of sales.”

This data was collected through BioTrack, the state’s Seed-to-Sale Tracking System, a real-time inventory system used to track an individual cannabis plant from the point it is planted as a seed or clone to the point of sale.

All medical and adult-use cannabis licensees are required to input data into this system, showing the movement of cannabis products as they are grown, manufactured, tested, and ultimately sold. (Information about the person who purchases the final cannabis product is not recorded.) 

Recreational cannabis users can purchase a quarter ounce of flower or its equivalent per transaction. Medical cannabis patients may buy up to five ounces per month.

Connecticut officials record cannabis sales data every month, so you can map the steady march of adult-use cannabis sales by looking at month-to-month sales on one of their many graphics.

DCP does not make revenue projections, set sales expectations, collect taxes, nor do they regulate prices. The DCP will make future data available at ct.gov/cannabis. The data will be updated monthly on or after the 10th of each month, and new data will continue to be added as it becomes available. Officials with the DCP urge adults who choose to smoke to do so responsibly.

Steady Pace of Sales

The numbers are nearly the same as the data collected in August. The DCP said in a press release that between Aug. 1-31, the combined total of both adult-use cannabis and medical cannabis sales reached almost $25 million.

“The adult-use market recorded more than $14 million in sales during the month of August, while the medical marijuana market recorded almost $11 million in sales for the same period,” the press release stated.

In August, medical cannabis patients purchased 278,395 cannabis products (with an average price of $39.36), while recreational consumers purchased 354,700 (with an average price of $39.49).

By product type, most sales (about 53%) included flower, followed by vape cartridges (27%), edibles (10%), extracts (7%), and “other” (4%) which pertains to products such as pills, tinctures, topicals, and more.

Medical cannabis was approved by former Connecticut Gov. Dannel Malloy, but sales tracking was not required nor available prior to 2023. 

Adult-use cannabis was initially signed into law by Gov. Ned Lamont in June 2021. Adult-use sales didn’t go live until January 2023, but the state collected $250,000 in sales on the first day with eight operational dispensaries

For adult-use cannabis, sales in January reached a total of $5 million, followed by $7 million in February, $9.5 million in March, $10 million in April, $11.5 million in May, $12.5 million in June, $13 million in July,, $14 million in August, and $14 million again in September.

But now you must add home cultivation to the picture. Officials with the DCP marked the launch of home cannabis cultivation, which went into effect on July 1.

“Adults who choose to grow their own cannabis should use safe and healthy gardening practices for growing any products they intend to consume,” DCP Commissioner Bryan T. Cafferelli said in a statement from the agency. “Plants should also be kept indoors, out of reach and out of sight from children and pets.”

Under the state’s regulations for home cannabis cultivation, adults ages 21 and older are permitted to grow up to six cannabis plants, including three immature and three mature, flowering plants. Plants must be kept secure from children, pets and others who should not be allowed access to cannabis. It’s not entirely clear how home cultivation will impact adult-use sales.

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Connecticut Cannabis Sales Continue To Rise in August with $25 Million in Sales https://mjshareholders.com/connecticut-cannabis-sales-continue-to-rise-in-august-with-25-million-in-sales/ https://mjshareholders.com/connecticut-cannabis-sales-continue-to-rise-in-august-with-25-million-in-sales/#respond Sat, 16 Sep 2023 07:29:20 +0000 https://hightimes.com/?p=299584

New data on monthly cannabis sales in Connecticut shows that numbers have increased yet again. The Connecticut Department of Consumer Protection (DCP) said in a press release that between Aug. 1-31, the combined total of both adult-use cannabis and medical cannabis sales reached almost $25 million.

“The adult-use market recorded more than $14 million in sales during the month of August, while the medical marijuana market recorded almost $11 million in sales for the same period,” the press release stated.

Medical cannabis patients purchased 278,395 cannabis products (with an average price of $39.36), while recreational consumers purchased 354,700 (with an average price of $39.49).

By product type, most sales (about 53%) included flower, followed by vape cartridges (27%), edibles (10%), extracts (7%), and “other” (4%) which pertains to products such as pills, tinctures, topicals, and more.

Adult-use cannabis was initially signed into law by Gov. Ned Lamont in June 2021, making it the fourth state to legalize recreational cannabis. Sales were initially expected to begin in 2022, and more than 15,000 dispensary applications were received in May that year.

In January, Lamont announced that he would clear approximately 42,964 cannabis convictions, as required by the state legislation that legalized adult-use cannabis. “On Jan. 1, thousands of low-level cannabis convictions in Connecticut will be automatically erased due legislation we’ve enacted,” said Lamont. “Especially as employers seek to fill job openings, an old conviction for low-level possession should not hold someone back from their aspirations.”

Adult-use sales didn’t go live until January 2023, but the state collected $250,000 in sales on the first day with eight operational dispensaries. “Today marks a turning point in the injustices caused by the war on drugs, most notably now that there is a legal alternative to the dangerous, unregulated, underground market for cannabis sales,” Gov. Lamont said of the program’s success. “Together with our partners in the legislature and our team of professionals at the Department of Consumer Protection, we’ve carefully crafted a securely regulated market that prioritizes public health, public safety, social justice, and equity. I look forward to continuing our efforts to ensure that this industry remains inclusive and safe as it develops.”

For adult-use cannabis, sales in January reached a total of $5 million, followed by $7 million in February, $9.5 million in March, $10 million in April, $11.5 million in May, $12.5 million in June, $13 million in July, and finally, $14 million in August.

Medical cannabis was legalized by former Connecticut Gov. Dannel Malloy, but sales tracking was not required and is not available prior to 2023. Now the state uses BioTrack for its seed-to-sale tracking data.

As seen in other states with both medical and adult-use cannabis, medical cannabis sales began to decrease the longer that adult-use sales are established. In January, $8 million in medical cannabis sales were collected, followed by $11.5 million in February, $12.5 million in March, and then a steady decrease in April with $11.5 million, May with $11 million, a slight increase above $11 million in June, followed by $10.6 million in July and finally $10.9 million in August.

In June, residents were finally permitted to start growing their own cannabis plants, up to six per home (three mature and three immature). “Adults who choose to grow their own cannabis should use safe and healthy gardening practices for growing any products they intend to consume,” said DCP Commissioner Bryan T. Cafferelli. “Plants should also be kept indoors, out of reach and out of sight from children and pets.”

According to the CT Insider, one of the state’s two cannabis testing laboratories is officially closed. The report stated that AltaSci Labs closed in March and its license became inactive, however the reason for this is “not due to any disciplinary or other action by the state,” according to DCP spokesperson Kaitlyn Krasselt.

The one remaining lab, Northeast Laboratories, is currently managing all incoming cannabis, which “continues to operate and test cannabis in Connecticut, and there has been no impact to the cannabis program.” However, some advocates believe that soon it will become an issue.

Recently, the California-based cannabis education college Oaksterdam University held a graduation for numerous Connecticut cannabis business owners. Oaksterdam received $1 million in a contract to provide an education specifically for Social Equity Council-approved students in an accelerated program.

CEO of Nautilus Botanicals, Luis Vega, shared insight about his experience in the program. “This was a valuable lesson,” Vega said. “This was awesome. There were growing pains. But I really do appreciate that the state put together a partnership with somebody.” Vega is currently working on opening two dispensaries, as well as two cultivation sites.

A total of 32 participants started the program, and 11 graduated (with eight more expected to graduate soon). As part of the deal for participation, graduates receive a 1.5% reduction off of their APR percentage rate.

Lt. Gov. Susan Bysiewicz attended the graduation and told CT Insider that “the equity component of cannabis legalization is absolutely critical” in relation to the state’s cannabis industry. “Now we’ve got the opportunity to see entrepreneurs and small businesses hopefully develop into big businesses with people of color, women of color,” Bysiewicz added. 

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Connecticut’s first cannabis grower Theraplant sold https://mjshareholders.com/connecticuts-first-cannabis-grower-theraplant-sold/ https://mjshareholders.com/connecticuts-first-cannabis-grower-theraplant-sold/#respond Mon, 31 Jul 2023 06:44:47 +0000 https://www.cannabisbusinessexecutive.com/?p=75223

Connecticut’s first cannabis grower Theraplant sold – Cannabis Business Executive – Cannabis and Marijuana industry news


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Connecticut To Launch Legal Home Cultivation This Weekend https://mjshareholders.com/connecticut-to-launch-legal-home-cultivation-this-weekend/ https://mjshareholders.com/connecticut-to-launch-legal-home-cultivation-this-weekend/#respond Fri, 30 Jun 2023 10:45:56 +0000 https://hightimes.com/?p=298151

Connecticut To Launch Legal Home Cultivation This Weekend | High Times

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Connecticut Sells $23 Million Worth of Cannabis in May https://mjshareholders.com/connecticut-sells-23-million-worth-of-cannabis-in-may/ https://mjshareholders.com/connecticut-sells-23-million-worth-of-cannabis-in-may/#respond Wed, 14 Jun 2023 14:45:51 +0000 https://hightimes.com/?p=297839

Connecticut Sells $23 Million Worth of Cannabis in May | High Times

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