Connecticut’s first application window for adult-use cannabis businesses has come to an end on Wednesday night. It comes as social equity applicants express concerns about fairness after hearing about well-established cannabis companies coming from out of state to set up shop.
Thousands of applicants are in, but only 12 retail adult-use cannabis licenses will be selected in the first round of the state lottery. The 12 will be split evenly between general and social equity applicants. It’s tough odds for any business owners looking to break into the industry.
“We’re probably looking at 6,000 applications total,” said Andrea Comer, co-chair of the Social Equity Council and Deputy Commissioner of the Department of Consumer Protection.
The 6,000 applications don’t reflect the total number of businesses. Comer says applicants with more investor capital are submitting more applicants and that could tip the odds in their favor.
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