Connecticut’s data shows that in August, the state broke another record for marijuana sales, with 25 million dollars worth of purchases made by adults and medical users.
Connecticut Department of Consumer Protection reported that medical marijuana sales totaled about $11million last month, while recreational marijuana sales reached $14 million. This combined total of $25 million is $2 million more than the previous record set by Connecticut in June.
It is also the eight month in a line of record-breaking sales for recreational marijuana since Connecticut launched its adult-use program in January. The cost of recreational cannabis is also decreasing. Last month, the average price was $39.49.
The fourth consecutive month that recreational marijuana sales outnumbered medical marijuana purchases was August. In August, people bought 354,700 adult-use cannabis products compared to 278 395 medical marijuana products.
Department also released data on the type of marijuana products that consumers buy, with 53 percent coming from cannabis flowers, 27 percent coming from vapes and 10 percent coming from edibles.
The preliminary data is subject to further scrutiny by the Department.
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. “Medical marijuana users do not have to pay tax on their medicine.”
The department said that adults who consume cannabis should do so responsibly. This includes storing the products in their original packaging and keeping them out of the reach of pets and children.
Connecticut appears to be experiencing the same commercial trends as other states after legalization. The medical cannabis market is gradually shrinking, while the adult-use system grows and matures.
As of July 1, Connecticut adults aged 21 and over can now grow marijuana plants to use for personal purposes. This is one of the newest provisions to come into effect under the state’s legalization of cannabis.
Before the law became effective, DCP issued a notice to to remind the public of the policy change. The notice outlined the rules, and encouraged people who chose to participate in the program to “cultivate cannabis responsibly.”
Connecticut officials announced recently that they will roll out a loan program to support social equity marijuana businesses. This loan program provides financial assistance for people who have been disproportionately affected by prohibition expand their operations in the legal cannabis industry.
Connecticut is not the only state that has seen record marijuana sales in recent month.
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According to the Office of Cannabis Policy in Maine, marijuana purchases also reached an all-time high of nearly $22,000,000 in August.
The state announced last week that Massachusetts retailers had sold over $5 billion of adult-use marijuana in the five years since the launch of the state’s recreational cannabis market. The state reported that sales reached $139.3 in August, and the total year-to date is $1.05 billion by the end of the first eight months 2023.
Maryland officials announced recently that the state had broken another marijuana sales record last month, with nearly $92 million worth of cannabis product sold during Maryland’s 2nd month of adult-use legal sales.
Illinois retailers outside the region sold 140 million dollars worth of recreational marijuana in the month of July. This was the highest sales total of the year, and the second-highest monthly total in the state since adult-use markets launched in 2020.
Michigan marijuana sales hit a new record in July with almost $277 million worth cannabis being sold.
Since the adult-use marijuana market was opened in Missouri in February, Missouri retailers have sold about $4 million of marijuana each day in average. The state also saw a record $121.2 in cannabis sales in June.
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Photo by Philip Steffan.
The article Connecticut Officials report that in August, the state saw a record $25 million worth of marijuana sold first appeared on Marijuana Moment.
