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.
Unlicensed Connecticut Marijuana Investment: A Risky Green Opportunity
![](https://funderlyst.com/wp-content/uploads/2023/09/Understanding-Equity-in-VC.jpg)
Latest from Blog
![](https://funderlyst.com/wp-content/uploads/2023/09/Stages-of-VC-Funding_-Seed-to-Series-C-and-Beyond.jpg)
VCs exploring new sectors as funding landscape improves
TLDR: VCs invested over $8.3 billion in Indian companies in Q2 of 2024. New sectors like space tech, semiconductors, deep tech, and manufacturing are gaining interest. Venture capital funds are starting to
![](https://funderlyst.com/wp-content/uploads/2023/09/The-Lifecycle-of-a-Start-Up.jpg)
Navigating Risk: Carriers’ Strategic Investment in Venture Startups
TLDR: State Farm, Aflac, and Gallagher are focusing on de-risking their startup investments in the insurtech sector. Carriers stress the importance of communication and collaboration with startups to drive success. State Farm
![](https://funderlyst.com/wp-content/uploads/2023/09/Case-Study_-Airbnbs-Venture-Capital-Journey.jpg)
Unveiling the Secrets: $85M Investment in AI-Crypto Startup Sentient
TLDR: Sentient, an AI-crypto startup, raised $85 million in seed funding, attracting top VCs. The team behind Sentient, led by Sandeep Nailwal and distinguished engineers, impressed investors with their vision of building
![](https://funderlyst.com/wp-content/uploads/2023/09/Stages-of-VC-Funding_-Seed-to-Series-C-and-Beyond.jpg)
Saudi Arabia dominates MENA venture capital investments in first half
TLDR: Saudi Arabia topped MENA for venture capital investment in H1 2024 with about $412 million. E-commerce and retail sales ranked first among sectors in the Kingdom, contributing 52% of the total
![](https://funderlyst.com/wp-content/uploads/2023/09/Stages-of-VC-Funding_-Seed-to-Series-C-and-Beyond.jpg)
Chinese Start-ups Set for Global Success: VC Fund Chief Speaks
TLDR: 01VC, a Shanghai-based venture capital firm, plans to invest $2-3 million in 10 companies with global ambitions over the next two years. Low Chinese valuations and caution among global investors create