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.”
