Connecticut

insights

February 19, 2021
Notable Players

A Deeper Look At This State

Regulatory Framework

Connecticut enjoys a fairly robust regulatory environment with attractive population density. With the recent addition of chronic pain as a qualifying medical condition, the number of medical-use patients and registered physicians will continue to grow.

House Speaker-designate Matt Ritter's 50–50 odds on cannabis legalization passing in the state legislature in 2021 seems to be on the safe side. As of February 2021, Gov. Ned Lamont (D) is circulating a draft bill to legalize marijuana, soliciting feedback from state agencies as he prepares a push to enact the policy change this year.

Notable Market Activity

July 2020 | Curaleaf acquires Arrow Alternative Care Dispensaries

January 2019 | GTI acquires Advanced Grow Labs

What's the Play?

Major MSOs have already identified this state as an attractive market, with both Curaleaf and GTI making inroads. The Constitution State enjoys an attractive population density with a limited license regulatory framework. Look for the regulatory framework to expand, allowing for more patients and revenue while the northeast continues its march towards full legalization thanks to pressure from adult-use neighbors Massachusetts and New Jersey.

Market Snapshot

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

594/273

By The Numbers

Population

~3.6MM

Medicinal Legalization

2012

Adult-Use Legalization

N/A

MMJ Patients

~48K

Monthly Revenue

~$10MM

Cultivation Cap

No Limit

Cultivation Licenses

4/10 (Issued/Limit)

Retail Licenses

18/18 (Issued/Limit)

Retail License Cap per Operator

No Limit

Vertical Integration

Allowed

Delivery

Not Allowed

MMJ Qualifications

Less Restrictive

State Population / # Retail Licenses

MMJ Patients / # Retail Licenses

~3K

Top Cultivators

Notable Market Activity

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Proprietary Sharp Capital Advisors data - compiled using various sources including state and local government data
Shit We Don't Know

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