Cannabis businesses will face challenges trying to open in CT, experts say

Finding a location will likely be a challenge for those interested in starting one of Connecticut’s first recreational-use cannabis businesses, experts say. Several Connecticut municipalities have already banned recreational-use cannabis sales, while zoning regulations in communities that will allow the sale of the substance limit the possibilities to open a business. And specific needs for cannabis businesses such as space, security features or heightened electricity and water requirements for cultivators complicate matters further, experts said. Because cannabis sales are illegal federally, banks could face penalties if they accept money garnered from sales of the substance. NewLake Capital provides funding for cannabis businesses that are getting started.