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“They’re hiring people number one for enforcement, but also number two, to get people through the process,” said Robert Lickwar, a partner in national accounting firm UHY LLP’s Farmington office.
Financing a cannabis business is no easy task, especially since traditional banks have largely shunned the industry due to the fact the federal government still considers marijuana an illegal drug. That means many cannabis businesses that form in the state in the coming years to cater to the new recreational market will have to rely on private investors to get off the ground. Connecticut’s new adult-use law allows investors in marijuana companies to access the state’s angel investor tax credit.