Connecticut’s legal marijuana sales set a record for November with nearly $25,7 million in sales. This figure includes $15,4 million in sales made to adults – the highest amount since January when the recreational market was opened.
After months of steady declines, medical marijuana sales remained stable in November, at around $10,3 million.
According to the latest figures from Connecticut Department of Consumer Protection, licensed retailers in Connecticut have sold nearly a quarter of billion dollars of cannabis so far this year.
In November, the adult-use market saw more legal products purchased than ever before. More than 400,000 total items were bought. The sales to registered patients were essentially flat at just under 280,000 items.
Cannabis flower, with a total of $128.8 millions in sales, has been the most popular product type, accounting for 52 percent. Vape cartridges are in second place with $69 million, or 28 percent. The next three products are infused edibles (ten percent), dabbable extractions (6 percent) & miscellaneous others (4 percent).
According to state statistics, the average price of a product is about the same for both the medical marijuana ($36.99) market and the adult-use ($38.44). In January, when recreational sales started, the average adult product was $9 more expensive than the average medical marijuana product. The average adult product costs $44.61, compared to the average $35.68.
The state’s tracking system from seed to sale is used to collect the data reported by the agency. The state’s latest release stated that the tracking of medical marijuana sales prior to the launch of the adult-use market in January 2023 is not possible because it was not previously required.
In the next month, it will be interesting to see how sales figures change when purchase limits are increased for adults. From December 1, consumers can purchase twice as much marijuana per transaction than they can currently, which is equivalent to a half-ounce of marijuana instead of a quarter-ounce.
The regulators have stated that the adjustment is the result of a continuous review of the available supply and demand within the state.
Patients can buy up to five ounces of medical marijuana per month, and they are not restricted by transaction limits.
The Connecticut regulators banned alcohol sales during Thanksgiving last month but allowed marijuana retailers to remain open.
A state task force that is supposed to report on its findings next month , but has not yet been formed to examine whether home-grown marijuana should be sold at cannabis events by individuals.
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The article Connecticut Marijuana Sales Set New Monthly Records In November first appeared on Marijuana Moment.
