Technical assistance

The number of retailers could have an impact on the price of the recreational pot in the CT


Connecticut will likely see a flood of applicants interested in selling recreational marijuana for adult use, and the number of licenses available could have an impact on the price of the product, a state council presenter told Tuesday.

In Washington, authorities did not allocate enough time between license producers and license retailers, which led to an initial cannabis shortage followed by an oversaturated market, said Rick Garza, Washington State director. Liquor and Cannabis Board. Connecticut Social Equity Council. Washington legalized recreational marijuana in 2012.

“I don’t know what pool or number of producer licenses or retail licenses you plan to make available, but it is very likely… there will be many, many more requests than you. don’t think so, ”Garza told board members. during a presentation.

The Social Equity Council is responsible for ensuring that the adult program is equitable and that program funds “are returned to communities hardest hit by the ‘war on drugs’,” according to the website. the state.

Washington left six months between production and the opening of retail stores, Garza said. Initially, when stores opened, greedy shoppers bought the available supply.

This drove prices up to $ 30 per gram at one point. Then, when production caught up, there was more supply than demand. Prices have fallen at less than cost in the illicit market, he added.

“We had overwhelmed the illicit market,” he said.

Melissa McCaw, secretary of the Office of Budget and Policy Management and ex officio board member, asked if a process of phasing in more candidates more slowly could have helped. She said Connecticut is considering such a procedure.

Garza said it could help the process in Connecticut, which expects “significant volume on the nominations front,” according to a note on the meeting’s agenda.

Washington was expecting a hundred candidates. The state received 2,858, Garza said.

Garza also stressed the need for grants for technical assistance to applicants. Without this help, the wealthier applicants have an added advantage as they can hire lawyers to guide them through the process, he said.

“People who have the money will have lawyers to help them get their claims through,” he said.

McCaw reaffirmed the importance of assistance, especially for disadvantaged communities.

“We want them to be on the starting line, ready to go,” she said.

Two Hartford residents who said they plan to apply for the licenses and believe they will qualify as social equity applicants, have asked when applications will open.

George Sutherland, one of the men who spoke at the public comment session, said he already had a business plan, funding, potential locations and possible partnerships in place.

Half of all licenses awarded through a lottery process will be “social equity applicants,” which will be determined by income and whether the applicant was a resident of a disproportionately affected area.

The board sets guidelines on what documents applicants will need to verify qualifications.

While it’s not certain when nominations will open, Andrea Comer, the board’s acting deputy commissioner, said she hopes the board decides on the guidelines next month. Then, once the Consumer Protection Ministry fixes the number of applicants, a 30-day window will open, she said.

Social equity applications will open in this window, as will applications for medical licensed companies who wish to apply for hybrid licenses that allow them to sell recreational products as well, Comer said.


Leave a Reply

Your email address will not be published.