Most cannabis licenses will be awarded through a lottery system and there’s no limit to the number of applications that someone can submit.
“Like any other lottery, the more tickets you buy, the higher probability of success you’ll have.
Michael Mayes, a cannabis consultant based in Chicago, Ill., said his firm, Quantum 9, has multiple clients, most of whom are from out of state, who intend to submit 400 to 1,000 applications each for licenses to operate in Connecticut’s market.
Mayes asked the state Department of Consumer Protection, which regulates the cannabis industry, to allow applicants to purchase 1 to 10,000 submissions at once.
DCP can’t award a license to an applicant selected through the lottery that already has two or more licenses of the same type, or in the same license category.
As of Thursday, the state had received 143 applications for cannabis licenses, according to an unofficial count updated weekly by DCP.
The town of Kittery, Maine, for example, received more than 700 applications to its lottery, resulting in more than $535,000 for the town’s general fund.
In Connecticut, application fees for the general lottery range from $250 to $1,000 depending on the type of license.
Julia covers Connecticut politics for Hearst, including how public policy decisions affect the lives of residents here.