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“Bill 127 undermines reinvigoration of Connecticut’s economy and ought not to pass,” the report declared.
To address state and municipal budgetary shortfalls, the report says, Connecticut should tap into its record $3 billion-plus rainy day fund.
According to a new study, Connecticut could reap $35-$48 million in direct new revenue during the first year of legalized marijuana sales, which would escalate to $188-$223 million in the fifth year.
Connecticut’s recession appears to have been more severe than previous estimates by University of Connecticut economists suggested.