Connecticut marijuana investment recipient isn’t licensed by state
A venture capital firm owned by the state of Connecticut might see its first investment in the marijuana sector go poof.
Connecticut Medical Marijuana News
A venture capital firm owned by the state of Connecticut might see its first investment in the marijuana sector go poof.
Connecticut Attorney General William Tong filed civil lawsuits against seven businesses accused of selling “potent, illicit” marijuana products without proper state licenses.
Year-over-year marijuana sales-growth rates varied in 2023, with new markets continuing to grow and established markets not declining as much.
Connecticut’s attorney general sent a cease-and-desist letter to organizers of an event in Hamden as part of his office’s ongoing crackdown on unlicensed cannabis sellers.
Several of the nation’s largest cannabis companies have already mapped out their retail expansion plans in 2024, a consequence of licensing caps, limited new market opportunities and ongoing capital concerns.
Alcohol sales aren’t permitted in some stores on Christmas Day and New Year’s Day in Connecticut, but consumers can buy marijuana and gamble.
Cannabis industry financial services firm Safe Harbor Financial says it and its partners have provided a $1.17 million loan to a forthcoming Connecticut marijuana retailer operating under the Higher Collective brand.