Connecticut legalized adult-use cannabis last June, and now the state is moving forward to make the market equitable and inclusive.
Written in the adult-use legalization bill is the State Bond Commission’s permission to issue up to $50 million in bonds for co-use by the Department of Economic and Community Development and Social Equity Council to fund social equity applicants, municipalities or organizations, the cannabis accelerator program, and workforce training programs developed by the Social Equity Council.
During the State Bond Commission’s March 31 meeting, the organization released the first $10 million in low-interest funds for social equity applicants looking to open or maintain a cannabis business, according to the meeting agenda.
In February, the Connecticut Department of Consumer Protection (DCP) began accepting adult-use license applications for Disproportionately Impacted Area Cultivator and Retailer licenses.
