Verano to back 6 social equity retailers in CT The council approved social equity status for six cannabis equity joint venture (EJV) businesses while revoking five prior approvals from 2022.
An equity joint venture is a business that is at least 50% owned and controlled by an individual or individuals that meet social equity criteria. Such entities can be created by existing medical marijuana producers and dispensaries.
All six of the EJVs approved on Tuesday -- CT Pharma Norwich LLC, CT Pharma Newington LLC, Caring Nature EJV 1 LLC and Caring Nature EJV 2 LLC, Willow Brook Stratford LLC and Willow Brook Enfield LLC-- are backed by Chicago-based Verano Holdings, which also operates Rocky Hill grow facility CT Pharma. https://www.hartfordbusiness.com/article/6-social-equity-retailers-backed-by-chicago-cannabis-company-get-greenlight