did CONNECTICUT just legalize marijuana?

Supposedly it passed but I'm trying to read this and my head hurts from all the "definitions". Anyone else care to make sense of it?

http://search.cga.state.ct.us/2012/T...389-R00-HB.htm

It passed the senate on may 6th so its in and malloy says he is going to sign it but by the sounds of the posts before me here it doesnt sound like its gonna go our way...

Heres the link to marijuana policy project

http://www.mpp.org/assets/pdfs/library/MMJBills2012.pdf

Edit:

Is this the norm for other states to in regards to dispensary's?

(C) Establish a nonrefundable application fee of not less than twenty-five thousand dollars for each application submitted for a producer license;

(no sir you were not approved but you can get right back in line over there and reapply if you have the fee)....


(G) Establish financial requirements for producers, under which (i) each applicant demonstrates the financial capacity to build and operate a marijuana production facility, and (ii) each licensed producer may be required to maintain an escrow account in a financial institution in this state in an amount of two million dollars;

How is any of this possible when financial institutions wont give these types of business owners bank accounts...

i am curious if it is "official" yet? i heard the law was going to be passed but i haven't heard a thing since....what's going on?