MJBizMag September 2020 - 116

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 2020
http://www.mjbizdaily.com/factbook

MJBizMag September 2020

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