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Hartford arguably still owns the title of “insurance capital of the world,” but many national insurers that call Connecticut home are expected to shy away from the state’s recreational cannabis market because the substance is still illegal at the federal level.
That represents yet another challenge for cannabis companies looking to launch or expand in the state to serve the new adult-use market.
The outlines of Connecticut’s newest industry are taking shape less than a year after Gov. Ned Lamont signed legislation authorizing the sale of marijuana for adults.