Latest Posts (457/537)

As state officials formulate a licensing and regulatory regime for the newly-legal recreational cannabis industry, Nicholas Morizio said he is already seeing marijuana companies put properties under contract for prospective business locations. Morizio, president of real estate brokerage Colliers International’s Hartford and New Haven offices, who has worked on medical marijuana grower and dispensary deals in recent years, said cannabis companies are paying property owners to take real estate off the market while they apply for licensure in Connecticut. “They’re trying to tie up properties as much as they can,” said Morizio, who declined to name companies making deals. “A…

Bob Lickwar sees recreational cannabis legalization as an opportunity to significantly expand his firm’s business in Connecticut, even though UHY Advisors doesn’t manufacture or sell the plant. UHY, an accounting and consulting firm that serves a wide range of sectors, is aggressively seeking clients in the state’s nascent cannabis industry, Lickwar said. The move makes sense, he added, because starting a legal marijuana business involves scaling a number of regulatory hurdles while figuring out complicated state and federal tax questions, in addition to dealing with capital raising, municipal land use and myriad other issues. Bob Lickwar “I see [cannabis] becoming…

Dressed in medical scrubs and a hairnet, Curaleaf Senior Cultivation Manager Adam Raleigh surveyed a sterile, brightly-lit “flower room” filled with rows of maturing cannabis plants, as the overwhelming smell of marijuana created a thickness to the air. Equipped with millions of dollars worth of lighting, temperature control and other infrastructure, the Massachusetts-based company’s Simsbury grow operation is a well-honed modern manufacturing facility. Raleigh said all the high-end equipment Curaleaf uses allows the company to specify and automate the grow process in order to ensure quality while producing at scale. “[The equipment] affords us the luxury to make sure we’re…

Dressed in medical scrubs and a hairnet, Curaleaf Senior Cultivation Manager Adam Raleigh surveyed a sterile, brightly-lit “flower room” filled with rows of maturing cannabis plants, as the overwhelming smell of marijuana created a thickness to the air. Equipped with millions of dollars worth of lighting, temperature control and other infrastructure, the Massachusetts-based company’s Simsbury grow operation is a well-honed modern manufacturing facility. Raleigh said all the high-end equipment Curaleaf uses allows the company to specify and automate the grow process in order to ensure quality while producing at scale. “[The equipment] affords us the luxury to make sure we’re…

STRATFORD — Land use officials in town are discussing possible regulations to allow for recreational cannabis dispensaries. A “general discussion” of the issue is on the agenda for the Planning Commission’s meeting Tuesday. Sales of recreational marijuana won’t begin anywhere in the state until at least next year, despite a law legalizing cannabis Gov. Ned Lamont signed in June. In the meantime, many municipalities are issuing bans or moratoriums on the sale of the substance. Stratford has not yet taken a position on allowing recreational marijuana sales. In May the Zoning Commission unanimously approved a $20 million pot production facility…

TRENTON – Early next year or sooner, whenever legal sales of recreational marijuana begin in New Jersey, the dispensary shelves will not include some products that have proven popular in other states with state-regulated cannabis marketplaces. Brownies are out, cookies are out, gummies are out – though lozenges are in. However, unlike the industry’s frustration with the state’s handling of license applications – which includes still not awarding winners from a 2019 solicitation that for a time was delayed by lawsuits, as well as missing this weekend’s start for accepting new applications – groups seem generally OK with the state’s…

News 12 Staff Sep 18, 2021, 10:57pm Updated on: Sep 18, 2021, 10:57pm Gov. Lamont wants to stretch the state’s COVID-19 emergency into 2022. If it expires, homeless shelters could face a crisis. Also, when could we see marijuana retail stores pop up in Connecticut? These issues and more on this week’s Connecticut Power & Politics.