All posts in Connecticut News

News 12 Staff Aug 17, 2021, 3:54pm Updated on: Aug 17, 2021, 3:54pm Three men have been arrested following a police search that turned up “extremely large amounts of marijuana” and two handguns from a Bridgeport smoke shop, police say. The discovery was made Monday at Smokers Box on Park Avenue. Officers seized two handguns – a stolen 9 mm pistol and a 9 mm pistol with a high-capacity magazine. Officers also located marijuana, THC vape devices, untaxed cigarettes and edible THC that were all priced for sale inside the store. Investigators arrested 33-year-old Andrew Friday, 22-year-old Ahmed Nagi and…

Tara O’Neill Aug. 17, 2021 1of8 The items seized from a Bridgeport, Conn., business during a search warrant service on Monday, Aug. 16, 2021. Bridgeport Police / ContributedShow MoreShow Less 2of8 The items seized from a Bridgeport, Conn., business during a search warrant service on Monday, Aug. 16, 2021. Bridgeport Police / ContributedShow MoreShow Less 3of8 4of8 One of the guns seized from a Bridgeport, Conn., business during a search warrant service on Monday, Aug. 16, 2021. Bridgeport Police / ContributedShow MoreShow Less 5of8 One of the guns seized from a Bridgeport, Conn., business during a search warrant service on…

– Increased 2022 Financial Projections Reflect Theraplant’s Upside Potential from Projected 2022 Commencement of Recreational Marijuana Sales in Connecticut – – Company Also Provides Update on Theraplant Transaction – AMITYVILLE, N.Y., Aug. 17, 2021 (GLOBE NEWSWIRE) — Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) (“Greenrose” or the “Company”), a special purpose acquisition company targeting companies in the cannabis industry, announced that it has increased its full year 2022 financial projections for revenue and adjusted EBITDA, as stated in the revised investor presentation filed with the SEC on July 28th, 2021. Greenrose’s expanded financial projections reflect Theraplant’s additional upside potential from…

Three years ago, the Planning & Zoning Commission debated medical marijuana dispensary regulations. Members received hundreds of emails and letters; public meetings were packed. More than a year later, Bluepoint Wellness opened at 1460 Post Road East. As of July 1, possession of cannabis is legal in Connecticut. Adults 21 and over can have up to 1.5 ounces on their person, and up to 5 ounces in their homes, or locked in their vehicle. Retail sales can begin by the end of 2022. Recreational cannabis will be at least as controversial as medical marijuana. Last month, the P&Z held a…

Three years ago, the Planning & Zoning Commission debated medical marijuana dispensary regulations. Members received hundreds of emails and letters; public meetings were packed. More than a year later, Bluepoint Wellness opened at 1460 Post Road East. As of July 1, possession of cannabis is legal in Connecticut. Adults 21 and over can have up to 1.5 ounces on their person, and up to 5 ounces in their homes, or locked in their vehicle. Retail sales can begin by the end of 2022. Recreational cannabis will be at least as controversial as medical marijuana. Last month, the P&Z held a…

News 12 Staff Aug 17, 2021, 3:54pm Updated on: Aug 17, 2021, 3:54pm Three men have been arrested following a police search that turned up “extremely large amounts of marijuana” and two handguns from a Bridgeport smoke shop, police say. The discovery was made Monday at Smokers Box on Park Avenue. Officers seized two handguns – a stolen 9 mm pistol and a 9 mm pistol with a high-capacity magazine. Officers also located marijuana, THC vape devices, untaxed cigarettes and edible THC that were all priced for sale inside the store. Investigators arrested 33-year-old Andrew Friday, 22-year-old Ahmed Nagi and…

Connecticut-based NewLake Capital Partners, which provides real estate capital to state-licensed marijuana operators, said it closed on an initial public stock offering of more than $101 million. The offering of 3.9 million shares of stock was priced at $26 a share, according to a news release. The company expects the shares to trade on the U.S. over-the-counter markets. Net proceeds will be used to acquire assets that fit in with the company’s strategy, NewLake said. Three of the investment company’s recent deals have focused on the Arizona and Massachusetts marijuana markets: In August, NewLake reportedly spent $8.8 million on four…

The two businesses have little in common aside from loose proximity, with one Greenwich native brewing a “boozy tea” and another New Canaan entrepreneur developing hair dyes that fade away after 10 or so washes, clearing the way for the next whimsical tint. But Owl’s Brew and Hally have another thing in common: As Connecticut Innovations’ early investments in consumer products companies, in a new push to support startups in the sector. Connecticut Innovations invests alongside venture capital funds, focused mostly on technology and life sciences companies since its 1989 formation with backing from the state General Assembly. Owl’s Brew…