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Bridgeport law firm Pullman & Comley’s best guess for when Connecticut’s retail cannabis business will start is mid- to late-2022.
The bill would allow adults 21 and older to possess up to 1.5 ounces of cannabis and purchase products from licensed stores, which could open as early as May 2022.
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.
While Gov. Ned Lamont said "I think it's time to take a pause” on the issue, Senate Democrats insist they're still working on bringing the trucks-only toll bill up for a vote.
The future of the governos’s ambitious 10-year, $21 billion CT2030 plan is very much in doubt, with state Republicans remaining skeptical and several of his fellow Democratic lawmakers hedging their bets as next year’s election looms.
"Like many residents in Stamford, I don't like paying tolls," Martin said, "but I applaud the governor's courageous commitment to fixing our transportation infrastructure while being financially responsible."
The tribes operating Mohegan Sun and Foxwoods remain adamant that they will not participate in the proposed open bidding process, and that the cancellation of their compact with the state will cost Connecticut billions of dollars in lost revenue.
Developing a consistently reliable DUI test for marijuana users is a key consideration, according to area lawmakers.
Steve Stafstrom will serve as co-chairman of the Judiciary Committee, replacing Rep. William Tong, who gave up his seat to run for – and win – state attorney general.
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’?”
“We will struggle to grow by zero to 1 percent," forecasts Connecticut Business & Industry Association President and CEOJoe Brennan.
Pending regulatory approval, the project -- designed to provide a more environmentally friendly and cost-effective energy source -- is expected to begin construction in the second quarter of 2018.