Connecticut Adult-Use Cannabis: The Application Process Begins
Connecticut is officially on the clock, having recently announced its adult-use licensing framework and timeline, which is set to formally commence on February 3, 2022. Applicants will have 90 days from then to secure a “by-right” social equity cultivation license or qualify for lotteries (both social equity-only and general) for the limited number of other license types. While every limited license jurisdiction is different, Connecticut presents a truly novel approach to licensing. Indeed, regulatory limitations and robust corporate disclosure requirements will be the name of the game, and understanding the manner in which partnerships can and must be structured and disclosed are critical to this process.