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Connecticut Cannabis Companies Owe Millions After Missing Deadline

The charges $3 million for converting to adult-use but will reduce it if new equity joint ventures are opened.

Two cannabis companies operating in Connecticut collectively owe the state millions after failing to meet deadlines related to converting medical operations to adult-use.

According to CT Insider, Theraplant owes $1.5 million and Zen Leaf, which is owned by Verano, owes $500,000.

Connecticut charges a $3 million fee for converting to adult-use but will reduce it if applicants open new social equity joint ventures.

Both Theraplant and Zen Leaf failed to open new state-approved retail spots within the mandated 14-month window.

A Verano spokesperson confirmed the deadline miss and attributed it in part to local permitting and site control considerations.

He specifically pointed toward the “the 20-mile setback rule that stipulates equity joint venture dispensaries cannot be located within 20 miles of each other.”

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