Connecticut’s Cannabis Sales Soar, Surpassing $15 Million Mark for Adult-use Alone

1.8 min readPublished On: October 13th, 2023By

HARTFORD, CT — Connecticut’s blossoming cannabis market has reached  with combined sales of adult-use and medical marijuana crossing $25 million in September 2023, according to the state’s Department of Consumer Protection (DCP). This surge in sales, which has seen a consistent rise since the initiation of adult-use sales in January 2023, highlights the growing acceptance and demand for cannabis in the state.

The breakdown for September reveals that over $14.3 million was attributed to adult-use sales, while medical marijuana sales amounted to nearly $11 million. This data, sourced from BioTrack, the state’s Seed-to-Sale Tracking System, offers an intricate view of the cannabis journey, from its planting stage to its final sale.

The product preference of consumers also presented an interesting trend. Flower or usable cannabis dominated the sales, accounting for 52% of the total purchases. Vapes followed with 30%, and edibles made up 11%.

Comparatively, the August figures were closely aligned, with the combined sales nearing the $25 million mark. The distribution between adult-use and medical sales remained almost consistent, with the former registering over $14 million and the latter close to $11 million. Product preferences remained mostly unchanged, with flower still leading the sales.

The DCP consistently tracks and records monthly cannabis sales data, providing a transparent view of the market’s evolution. Their commitment to data accuracy and public accessibility is evident in their monthly updates, available on their official website.

The trajectory of cannabis sales since the start of 2023 paints a promising picture. From a commendable $5 million in January, sales have seen a steady rise, touching $14 million in both August and September. This growth, coupled with the recent introduction of home cannabis cultivation in July, underscores the expanding cannabis landscape in Connecticut.

However, the impact of home cultivation on adult-use sales remains a subject of interest. While the state permits adults to grow a limited number of cannabis plants, the DCP emphasizes the importance of responsible cultivation, ensuring the safety of children and pets.

Connecticut’s journey with cannabis, from its medical approval under former Gov. Dannel Malloy to its adult-use legalization by Gov. Ned Lamont in June 2021, showcases the state’s progressive approach to the cannabis industry. With sales already hitting impressive numbers and the market still in its early stages, the future seems bright for Connecticut’s cannabis sector.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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