New York company wins critical decision in fight for medical marijuana license
A New York-based company’s claim that it should have won one of the state’s five initial medical marijuana licenses has taken a big step forward.
Connecticut Medical Marijuana News
A New York-based company’s claim that it should have won one of the state’s five initial medical marijuana licenses has taken a big step forward.
Connecticut marijuana regulators have identified the 16 large social equity cultivators approved to take the next step to grow for the adult-use market, and have asked those applicants and their backers to submit additional information for a background check.
Connecticut made an important first step toward issuing adult-use marijuana licenses on Tuesday, prompting Gov. Ned Lamont to say a market launch could be only six months away.
More than 37,000 applications have been entered into lotteries for an initial round of 56 adult-use marijuana licenses in Connecticut, including 23,487 applications for 28 social equity licenses.
Cannabis producers looking to enhance trichome production on their plants might be getting an assist from a summertime icon: lightning bugs.
The practice of “gifting,” where marijuana products or plants are exchanged for donations or other purchases, could now result in a hefty $1,000 fine in Connecticut.
Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary pressures that could be curbing consumer spending.