Trulieve CEO speaks on growth via M&A, federal pot reform – Associated Press
LOS ANGELES (AP) — The U.S.′ expanding legal marijuana market is helping drive strong sales and profit growth for multistate operators like Trulieve Cannabis Corp. The Quincy, Florida-based company sells cannabis products in 11 states from Arizona to Pennsylvania. It reported $408.9 million in revenue in the first half of this year, an 89% jump from the same stretch of 2020. Its net income surged 67% over the same period. The company recently completed its acquisition of Tempe, Arizona-based cannabis company Harvest Health & Recreation in a deal valued at $2.1 billion. Trulieve’s latest expansion bid comes as more states…
Read More »
Medical Marijuana Patients Can Now Purchase More – CT News Junkie
Workers cleaning buds at CTPharma (CTNewsJunkie / file photo) Connecticut’s nearly 54,000 medical marijuana patients will now be able to buy 3 ounces of cannabis monthly. The increase, announced by the Department of Consumer Protection, is an effort to provide patients with greater access to medication for their debilitating conditions. Department of Consumer Protection Commissioner Michelle Seagull says the palliative effect will benefit some patients. Patients had been limited to 2.5 ounces before this month. “Patient need and cost will be a natural cap for a lot of people,” Seagull told the Medical Marijuana Board of Physicians Friday. No action…
Read More »
Buying legal pot: A guide to where your town stands – Journal Inquirer
Enfield resident Elizabeth Davis was looking forward to the legal sale of recreational marijuana in her town. She is out of luck. Enfield recently prohibited the sale of the newly legalized drug within its borders — but that isn’t the case for some other towns in north-central Connecticut. Possession and use of cannabis for people age 21 and over has been legal in the state since July 1. However, as part of the law, each municipality has the ability to either allow cannabis retailers or prohibit sales through an ordinance. The cultivation and retail selling of cannabis products in the…
Read More »
How CT plans to protect medical marijuana program as recreational use begins – CT Insider
As Connecticut prepares to license recreational cannabis dispensaries, the state is implementing measures to ensure there’s sufficient supply for patients, including requiring existing facilities to preserve their medicinal marijuana services. Medical dispensaries that want to branch out to recreational, or “adult-use,” marijuana sales will have to submit a “medical preservation plan” to the state Department of Consumer Protection, Commissioner Michelle Seagull told the Medical Marijuana Program Board of Physicians during a Friday meeting. Recreational users will also be subject to a tax that medical users aren’t, Seagull said. Retail sales will be subject to Connecticut’s 6.35 percent sales tax, a…
Read More »
Coming Saturday: A look at where towns stand regarding the selling of marijuana – Journal Inquirer
Reporter Joe Chaisson takes a look at the towns in north-central Connecticut, and whether they are for, against or thinking about whether they will allow places to sell marijuana.
Read More »
Today’s Business: High times in the office – not so fast – Middletown Press
Recreational use of cannabis may now be legal for adults but that doesn’t mean you can get high at work. While the state law prohibits employers from termination or otherwise taking adverse action against employees for their recreational marijuana use, the law does carve out a number of protections for employers to ensure the safety of their workplaces. Legalization in Connecticut was effective July 1. Now, months into the law, many employers are still confused and concerned about the prospect of employees entering the workplace high. First, it is important to note that the law does not require an employer…
Read More »
Today’s Business: High times in the office — not so fast – New Haven Register
Recreational use of cannabis may now be legal for adults but that doesn’t mean you can get high at work. While the state law prohibits employers from termination or otherwise taking adverse action against employees for their recreational marijuana use, the law does carve out a number of protections for employers to ensure the safety of their workplaces. Legalization in Connecticut was effective July 1. Now, months into the law, many employers are still confused and concerned about the prospect of employees entering the workplace high. First, it is important to note that the law does not require an employer…
Read More »
CT Man Busted With Large Amounts Of Drugs Following Search, Police Say – Brookfield Daily Voice
Detectives have arrested a Connecticut man on numerous drug charges following a lengthy investigation. New Haven County resident Saldi Hyska, age 23, of Seymour, turned himself in to Connecticut State Police on Thursday, Oct. 14, in connection with a search of his home following a lengthy investigation. The search, which took place in early September, was the culmination of an investigation into the distribution of drugs from the residence, state police said. Detectives, with the assistance of narcotics detection K-9s, were able to seize numerous items associated with narcotics distribution including narcotics packaging materials, digital scales, 1.6 grams of cocaine,…
Read More »
