MarketAtAGlance | Connecticut Connecticut's 18th medical cannabis dispensary opened its doors in July, meaning all of the state's dispensary licenses are now being used. The market already exceeds $125 million in annual sales. Connecticut's patient count surpassed 40,000 in March and an increasing number of registered physicians are joining the program, signaling broader adoption and improved access for state residents. Main measure House Bill 5389 2012 State tax requirements Medical marijuana is exempt from state sales and use tax. While state regulators aren't accepting any new license applications at this time, many Connecticut dispensaries want the number of growers to be expanded because of the likelihood the four that are currently licensed won't be able to keep up with increasing demand. Connecticut could be a prime candidate to legalize recreational marijuana through its Legislature in coming years. - Jenel Stelton-Holtmeier Application fees Dispensary: $1,000 Producer: $25,000 License fees Dispensary: $5,000 (initial and annual renewal) Producer: $75,000 (initial and annual renewal) For information about cannabis regulations in other markets, order the Marijuana Business Factbook at mjbizdaily.com/factbook. 116 Marijuana Business Magazine | September 2020http://www.mjbizdaily.com/factbook