A ruling by a cannabis social equity oversight board in Connecticut has significantly altered the landscape for a group of adult-use applicants and license holders. The Social Equity Council (SEC) approved the equity status of six applicants, revoked previous approvals of five applicants and denied another five applications, the Hartford Business Journal reported. The … [Read more...] about CT approves, revokes and denies social equity status under new cannabis rules
Social equity
With cannabis for sale, Connecticut council proposes how to stay funded with taxes
The Connecticut Social Equity Council narrowly passed a budget proposal on how the state would divvy up potentially millions of dollars in tax revenue from its budding cannabis industry. Connecticut has recorded just over $2 million in gross sales after the first sales were made at nine dispensaries in the state on Jan. 10. The state imposes a 6.5% sales tax on cannabis, plus … [Read more...] about With cannabis for sale, Connecticut council proposes how to stay funded with taxes
New Haven concludes first week of recreational cannabis sales
Jessai Flores, Illustrations Editor Lines stretched out the door of Affinity Dispensary last Tuesday morning in anticipation of the 10 a.m. launch of legal recreational cannabis sales in the Elm City. A year and a half after Connecticut legalized the drug, retail sales of adult-use cannabis officially started on Jan. 10. Affinity Dispensary, New Haven’s only adult-use cannabis … [Read more...] about New Haven concludes first week of recreational cannabis sales
Portrait of a social equity cannabis partnership
ALBUQUERQUE — Mary Jean Garcia and her business partners sold their cars and personal belongings, dipped into savings and emptied retirement accounts to open La Tiendita de Motita, a cannabis dispensary in Albuquerque’s South Valley, the rough-and-tumble neighborhood they grew up in. The former Albuquerque teacher, along with three of the four other women, quit their jobs as … [Read more...] about Portrait of a social equity cannabis partnership
With cannabis sales set to begin in CT, Lamont taps new head of council with ensuring social equity in the market
Gov. Ned Lamont on Tuesday tapped an economic development official to lead the council charged with ensuring social equity in the recreational cannabis market, once legalized sales begin early next year. Paul O. Robertson, a deputy commissioner at the Department of Economic and Community Development, was appointed by Lamont to chair the Social Equity Council, replacing the … [Read more...] about With cannabis sales set to begin in CT, Lamont taps new head of council with ensuring social equity in the market
New Jersey Announces New Cannabis Social Equity Grant Program
The New Jersey Economic Development Authority (NJEDA) last week announced the creation of a grant program to help small businesses with the costs associated with launching an enterprise in the state’s regulated cannabis industry. Known as the Cannabis Equity Grant Program, the new initiative will distribute up to $10 million in grants, with the majority earmarked for social … [Read more...] about New Jersey Announces New Cannabis Social Equity Grant Program
Los Angeles Selects 100 More Social Equity Applicants Following Lawsuit
The city of Los Angeles’ Department of Cannabis Regulation last week announced that it had “successfully conducted the retail application lottery, also known as the Phase 3 Retail Round 2 Lottery,” during which it “selected 100 verified Social Equity Individual Applicants (SEIAs) for the opportunity to apply for a cannabis retail license in the City of Los Angeles.” “The … [Read more...] about Los Angeles Selects 100 More Social Equity Applicants Following Lawsuit
11 more cannabis growers have social equity status approved
Eleven prospective cannabis cultivators had parts of their social equity status approved Tuesday after resubmitting documentation, bringing the total number of potential new growers in the state to 27. Hartford BusinessFollowing an executive session Tuesday, the Social Equity Council voted to accept CohnReznick's recommendation to approve social equity ownership and control … [Read more...] about 11 more cannabis growers have social equity status approved
Cannabis business left in the lurch as Connecticut regulators give second chances for licenses
News Provided by WSHU After giving hope to denied cannabis companies last week, Connecticut regulators said they sent feedback on Monday that would allow applicants another chance at licensure — at least one company is left waiting as the state’s marijuana industry grows. The Connecticut Social Equity Council tasked itself with notifying seven previously denied cannabis … [Read more...] about Cannabis business left in the lurch as Connecticut regulators give second chances for licenses
CT names cannabis retailer, micro-cultivator applicants to move forward in licensing process
By Julia Bergman on CTInsider The applicants and their backers, who would be among the first to operate in Connecticut’s adult-use market, must now undergo a background check and further review by consumer protection officials. Connecticut has made public the six cannabis retailers that have qualified for social equity status, who will be among the first to sell … [Read more...] about CT names cannabis retailer, micro-cultivator applicants to move forward in licensing process
