Several new laws and amendments went into effect last week on, July 1, 2024, bringing major changes to the cannabis and hemp industry in Connecticut. Here's a detailed look at the primary bill, Public Act 24-76 (the “Act”),...more
On August 28, 2023 the Social Equity Council (SEC) and Connecticut’s Department of Economic and Community Development (DECD) announced the launch of the much anticipated Canna-Business Revolving Loan Fund that will provide...more
8/30/2023
/ Agribusiness ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Commercial Loans ,
Connecticut ,
Decriminalization of Marijuana ,
Dispensaries ,
Equal Access to Credit ,
Financial Services Industry ,
Licenses ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
State and Local Government
The Connecticut Department of Consumer Protection (DCP) has just released important guidance regarding the Adult Use Cannabis Statute, clarifying that communities with under 25,000 residents may host one licensed retail...more
12/17/2021
/ Agribusiness ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Dispensaries ,
Hemp Related Businesses ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Recreational Use ,
Retail Market ,
Retailers ,
State and Local Government
On July 1, 2021 Connecticut became the nineteenth state to legalize the possession and use of cannabis for recreational purposes. Upon conversion of the existing licenses held by medical marijuana growers within the next few...more
7/9/2021
/ Agribusiness ,
Business Licenses ,
Decriminalization of Marijuana ,
Dispensaries ,
Investment Opportunities ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
New Legislation ,
Popular ,
Recreational Use ,
Regulatory Reform ,
Retail Market ,
Social Equity Programs ,
State and Local Government ,
Tax Liability
With the enactment of Connecticut’s medical marijuana, Connecticut became the 17th State in the Union to pass legislation legalizing the use of pot in one way or another. As of today, 20 states and the District of Columbia...more