Beginning Oct. 1, 2022, the legislation makes it legal for medical marijuana patients in the state to have three mature and three immature plants, with a limit of 12 plants per household. By July 1, 2023, any adult in Connecticut will be allowed to have the same amount of plants.
Meanwhile, the retail sale of cannabis is expected to begin in May 2022. Under the program, municipalities will receive new revenue generated by a 3% local sales tax on gross receipts based on retail cannabis sales within their borders.
Besides the 6.35% state sales tax, the state will generate new revenue based on the levels of THC, the marijuana plant’s main psychoactive component, in the different products. Under this proposed tax rate structure, Connecticut’s taxes will be lower than New York’s and around the same as Massachusetts’ rates, lawmakers said.
While Connecticut has lagged behind its neighbors in finally reaching a deal after years of attempts, Senate President Pro Tempore Martin Looney, D-New Haven, said the state has benefitted from watching how other states have handled legalizing a drug that still remains illegal under federal law and finding ways to help local entrepreneurs who want to get into the marijuana business.
“We’ve seen problems in other states where out-of-state financed enterprises come in and swoop up all the licenses,” he said.