# Conn. Gen. Stat. § 21a-420j: Sec. 21a-420j. Creation of equity joint ventures by cultivator. Requirements. Limitations. Fees

> Connecticut · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420j

## Section

- **Citation:** Conn. Gen. Stat. § 21a-420j
- **Heading:** Sec. 21a-420j. Creation of equity joint ventures by cultivator. Requirements. Limitations. Fees
- **Jurisdiction:** Connecticut
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Connecticut Code / Title 21a / Chapter 420h / Section 21a-420j

## Text

(b) The equity joint venture applicant shall submit an application to the Social Equity Council that may include, but need not be limited to, evidence of business formation, ownership allocation, terms of ownership and financing and proof of social equity status. The equity joint venture applicant shall submit to the Social Equity Council information including, but not limited to, the organizing documents of the entity that outline the ownership stake of each backer, initial backer investment and payout information to enable the council to determine the terms of ownership.

(c) Upon obtaining the written approval of the Social Equity Council for an equity joint venture, the equity joint venture applicant shall apply for a license from the department in the same form as required by all other licensees of the same license type, except that such application shall not be subject to the lottery.

(d) A cultivator licensed under section 21a-420o , including the backer of such cultivator, shall not increase its ownership in an equity joint venture in excess of fifty per cent during the seven-year period after a license is issued by the department under this section.

(e) Equity joint ventures that are retailers or hybrid retailers that share a common cultivator backer or owner shall not be located within twenty miles of each other.

(f) An equity joint venture applicant shall pay fifty per cent of the amount of any applicable fee specified in subsection (c) of section 21a-420e for the first three renewal cycles of the applicable cannabis establishment license applied for, and shall pay the full amount of such fee thereafter.

## Nearby sections

- [Conn. Gen. Stat. § 21a-420 Sec. 21a-420. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420.md)
- [Conn. Gen. Stat. § 21a-420aa Sec. 21a-420aa. Social equity applicants. Withdrawal of cultivator application and submission of micro-cultivator application.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420aa.md)
- [Conn. Gen. Stat. § 21a-420b Sec. 21a-420b. Enforcement of violations of federal law related to cannabis.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420b.md)
- [Conn. Gen. Stat. § 21a-420c Sec. 21a-420c. License required for sale, offering or delivery of cannabis. Penalties. Enforcement powers of commissioner, Attorney General and municipalities.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420c.md)
- [Conn. Gen. Stat. § 21a-420d Sec. 21a-420d. Social Equity Council established. Membership. Powers. Study. Recommendations. List of disproportionately impacted areas. Duties. Bylaws. Reports.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420d.md)
- [Conn. Gen. Stat. § 21a-420e Sec. 21a-420e. Timeline for initial applications for licensure. Fees for licenses. Disclosure of application information.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420e.md)
- [Conn. Gen. Stat. § 21a-420f Sec. 21a-420f. Accounts and funds. Deposits. Transfers. Estimates and adjustments of expenditure requirements.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420f.md)
- [Conn. Gen. Stat. § 21a-420g Sec. 21a-420g. Review of applications by Social Equity Council. Maximum number of applications. Lotteries. Rankings to be confidential. Disqualification. Provisional license. Final license.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420g.md)
- [Conn. Gen. Stat. § 21a-420j Sec. 21a-420j. Creation of equity joint ventures by cultivator. Requirements. Limitations. Fees.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420j.md)
- [Conn. Gen. Stat. § 21a-420l Sec. 21a-420l. Authorization for expanded activity of producer. Social equity partnership.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420l.md)
- [Conn. Gen. Stat. § 21a-420m Sec. 21a-420m. Creation of equity joint ventures by producer. Requirements. Limitations. Fees.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420m.md)
- [Conn. Gen. Stat. § 21a-420n Sec. 21a-420n. Cultivator license.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420n.md)
- [Conn. Gen. Stat. § 21a-420o Sec. 21a-420o. Provisional cultivator license for social equity applicants. Final license for facility in disproportionately impacted area.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420o.md)
- [Conn. Gen. Stat. § 21a-420p Sec. 21a-420p. Micro-cultivator license.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420p.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CT_T21a_C420h_S21a-420j. Check the current official text before relying on it. Not legal advice.