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January 19, 2024
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Unlicensed Connecticut Marijuana Investment: A Risky Green Opportunity

Marijuana edibles company, 1906, which received a $1.25 million investment from Connecticut Innovations, a venture capital firm owned by the state of Connecticut, does not have a license to operate in the state. The investment was made with the condition that 1906 would relocate its headquarters to Connecticut and create jobs in the state. However, 1906 does not have a Connecticut marijuana business license, leading to concerns that the investment may be lost. The company applied for a manufacturing license through the state lottery but was not selected. Connecticut Innovations stated that its mission is to create jobs and eventually take the company public or sell it for a profit. It is unknown if Connecticut Innovations has invested in other marijuana companies since funding 1906.

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