Jan 03, 2022
adult-use licenses, cannabis business licenses, Commissioner of the Department of Consumer Protection, competition, Connecticut, Connecticut legalization law, Connecticut Social Equity Council, corporations, CT, DCP, Department of Consumer Protection, illicit market, legalization, license caps, low license caps, prices, small business opportunities, small businesses, supply and demand
Important news! Tomorrow, January 4, the Connecticut Social Equity Council will meet to move forward with their plan to begin accepting applications for adult-use licenses within the next several weeks. Under the Connecticut legalization law, the Department of Consumer of Protection (DCP) is allowed to set limits on the number of licenses that will be issued for each of the nine categories. We are calling on DCP to not set license caps, and if they must set license caps, that they be high.
Low license caps would not only limit competition and privilege larger corporations at the expense of other applicants, but they would also create a situation where Connecticut’s recreational and medical cannabis markets are unable to provide adequate supply and meet the level of demand that exists, thus inflating prices and allowing the illicit market to proliferate.
Please join us in contacting the Commissioner of the Department of Consumer Protection and urging Connecticut not to set arbitrary low license caps.