Connecticut broke another marijuana sales record in August, with $25 million worth of medical and adult-use cannabis purchases, state data shows.
The Connecticut Department of Consumer Protection (DCP) reported that recreational marijuana sales hit $14 million last month—another record for the adult-use market—while medical marijuana purchases amount to about $11 million. That combined $25 million is more than $2 million above the state’s prior record that was set in June.
This is also the eighth month in a row of record-breaking recreational marijuana sales since Connecticut’s adult-use program launched in January. At the same time, the cost of recreational cannabis has gradually declined since the market opened, with the average product price amounting to $39.49 last month.
August marked the fourth consecutive month where recreational sales exceeded medical marijuana purchases. People bought 354,700 products adult-use cannabis products during the month, compared to 278,395 medical marijuana products.
The department also released data showing the types of marijuana items that consumers are buying, with 53 percent of sales coming from cannabis flower, 27 percent from vape products and 10 percent from edibles.
“The preliminary data does not include taxes collected at the point of sale on adult-use transactions and is subject to
Read full article on Marijuana Moment