Connecticut’s lawmakers have been discussing establishing a framework for the emerging agriculture industry for the past five years but this year, the measure had more momentum. The Senate approved a bill early Tuesday, marking the first time an emerging agriculture bill cleared a legislative chamber in Connecticut. But then the bill’s momentum stalled as it was declined to call the bill for a vote in the House before the session ended at midnight on Wednesday.
House lawmakers decided to delay the vote for the proposal, which now will be taken again during a special session by the end of the month. Democratic leaders have insisted they have the votes to push through the nearly 300-page bill introduced over the weekend, but Republicans have broadly opposed it.
As passed by the Senate, the legislation would establish the framework for the emerging agriculture industry, eventually launching a regulated commercial market, allowing people to apply for licenses in Connecticut. The Department of Consumer Protection (DCP) would be in charge of licensing and regulating these businesses, with sales expected to begin in mid-2022.
“Now it's not a question of if it will pass but rather when it will pass,” says Thomas Howard.
The emerging agriculture industry laws and regulations are constantly changing and getting redrafted, which creates amounts of uncertainty around industry lovers and business owners in the field all around the United States. So if you want to know how to get licensed in Virginia, New York or Michigan you need to have the right information at hand.
Collateral Base’s Tom Howard just hit 20,000 subscribers on his emerging agriculture news podcast that aims to inform people on the industry. He has created a community of passionate people who are eager to understand more about a very complex field, and as an attorney he uses his tools to educate about the important aspects of the emerging agriculture industry.
As the emerging agriculture industry continues to grow, so does the CLN community. Taking into account the recurring inquiries regarding the emerging agriculture industry, the Collateral Base webpage has been enabled so that Tom and his staff could answer any questions, and provide legal help to any company regarding the legal issues it faces in the industry, especially if they are in need of a business plan. Also, make sure to check out our emerging agriculture map so you can stay up to date with the most recent changes the states have made.
About Collateral Base Lead Attorney, Tom Howard
Licensed to practice since 2008, Thomas Howard has represented numerous financial institutions in litigation to enforce their security interests. Since 2018, he has helped numerous emerging agriculture companies in the industry. He helps community banks in complex commercial workouts involving some of the most sophisticated financial products in the banking industry. He has also litigated in contested contract cases on various legal theories.
Mr. Howard created a law blog where he and his team have set their efforts to educate and inform people about the many aspects of corporate law, and the importance of compliance and smart moves companies should be aware of to succeed in their industry.
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