A cannabis dispensary in Norwich is the first of six so-called equity-joint ventures launched in partnership with the state’s largest cannabis cultivator.
The Norwich Zen Leaf is a so-called equity joint venture, which allows residents of areas that have been disproportionately impacted by the war on drugs to partner with larger companies.
Zen Leaf in Norwich opened for business in July, and Leventis said Verano plans to open a total of six such social equity joint venture dispensaries across Connecticut, all of which will be branded as Zen Leaf.
When asked when those additional equity joint ventures would open, Leventis said “the timing is going to vary on the rest of them.”
In addition to the Norwich-based Zen Leaf and the five future socal equity dispensaries, Verano operates Zen Leaf-branded dispensaries in Meriden, Waterbury and 11 other states.
Under state law, equity joint ventures must be at least 50 percent owned and controlled by an individual who had an average household income of less than three times the state median household income and is or was recently a resident of an area that has been disproportionately affected by the war on drugs.
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