Cannabis License winners in CT spent big to come out on top
Winners of CT cannabis licenses spent hundreds of thousands of dollars to improve chances in lottery.
The businesses that won approval for licenses to grow and sell cannabis in Connecticut spent hundreds of thousands of dollars in total to submit thousands of applications to improve their chances of being selected in the lottery.
The winning applicants for retail and micro-cultivator licenses flooded the lottery system with entries, according to new data from the state Department of Consumer Protection. Take retail licenses as example. SLAP ASH LLC, which lists a business address in Glastonbury, accounted for 850 of the 8,360 applications submitted to the social equity lottery in the initial round, ultimately winning approval for two licenses.