Equity funding to come from nearly $60 million in fees collected

CT collects $59 million in fees, plans equity initiative funding

With nearly $60 million collected from lottery and licensing fees related to cannabis Connecticut is taking steps to allocate a majority of the funds towards equity initiatives that seek to address the damage inflicted by the war on drugs. According to reporting from CT Insider, the state’s Social Equity Council’s community reinvestment committee is working on the plan that outlines how the funds will be utilized. A large portion of the $59 million dollars in fees came from the state’s lottery system that allowed applicants to submit an unlimited number of license applications across multiple categories. Some entities paid to submit hundreds of lottery applications to increase their chances of being chosen.

Find the full story from CT Insider on their website here: https://www.ctinsider.com/cannabis/article/ct-cannabis-59m-raised-in-license-lottery-fees-17871659.php