It is hard to underestimate the impact that the coronavirus and its related fallout—economic and otherwise—will have on the cannabis industry. Some of that impact will be decidedly negative. For instance, as we wrote about recently, cash is harder to come by for cannabis companies right now.
Read MoreIn September, many in the marijuana industry were buoyed by New York Governor Andrew Cuomo’s efforts to coordinate with his counterparts in New Jersey (Phil Murphy) and Connecticut (Ned Lamont) on recreational marijuana legalization.
Read MoreEarlier this year, New York, New Jersey, and Connecticut failed to pass legislation for legalized recreational marijuana despite what appeared to be overwhelming support for such measures. As we discussed here, early optimism gave way to legislative frustration as representatives struggled to put together bills sufficient to garner enough votes.
Read MoreWe recently wrote about the failure of state legislatures in New York, New Jersey, and Vermont to pass recreational marijuana legislation this year, despite initial optimism. You can now add Connecticut to that list. But unlike those other states, where there is at least hope for legislation in upcoming sessions, proponents of legalization in Connecticut are anticipating a protracted fight.
Read More
