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“New Jersey is a watershed for the East Coast,” says Executive Chairman Boris Jordan. “New York, Pennsylvania and Connecticut will follow suit and become recreational.”
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.
“We can no longer stick our heads in the sand,” Gov. Ned Lamont said in written testimony on Monday. “Cannabis currently, and will be increasingly, available to residents of Connecticut. While I do not believe that cannabis is a riskless drug, I do believe our state is better off developing a well-regulated market for cannabis.”
Advocates have projected that Connecticut could make $70 million in the first year of legalization and approximately $160 million in each following year.
A bill that establishes 1.5 ounces as the amount of marijuana that can be legally possessed for recreational use passed mostly along party lines.
The legislature’s Judiciary Committee is expected to vote on the legislation on Thursday.
Developing a consistently reliable DUI test for marijuana users is a key consideration, according to area lawmakers.
“Let’s legalize adult use of recreation marijuana once and for all,” Cuomo said. The move could bring hundreds of millions in tax revenues annually, by state estimates.
While he expects a House vote on tolls to take place before the legislative session ends on May 9, Aresimowicz did not guarantee passage of the bill.
As has been the case for years, the debate over legalization essentially boils down to two standpoints: “It’s an idea whose time has come” vs. “Why do you think they call it ‘dope’?”