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Kiplinger
Kiplinger
Business
Morgan Paxhia

Cannabis Companies Get Some State Tax Relief: This Week in Cannabis Investing

Gavel next to pile of marijuana and stack of dollar bills

Connecticut's legal adult-use cannabis market may be young, but it is already experiencing great success. In May, adult-use recreational marijuana sales eclipsed medical sales for the first time in state history. This is a great milestone for the people of Connecticut and it is a great sign of what could happen in the foreseeable future.

We were recently in Connecticut and see substantial growth potential there given the limited amount of legal dispensaries open. Those that are open are seeing healthy growth as noted in recent quarterly earnings calls from public companies with exposure to the state.

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