Connecticut’s adult-use marijuana market has hit some potholes less than a year after launch, with overall sales of recreational and medical cannabis dipping in October – an uncommon development for a new market.
A lack of product selection for consumers and medical patients is prompting shoppers to continue visiting stores in neighboring Massachusetts, a concern local operators have voiced for months.
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The slowdown in overall sales reflects a combination of other factors as well, including:
Regulatory curbs such as product restrictions. More municipalities prohibiting adult-use sales and other cannabis businesses. High barriers for new entrants. Competition from more established markets in neighboring Massachusetts and Vermont.
However, experts say the lack of product choice – Connecticut essentially has only four product manufacturers – is the biggest impediment stunting growth in this East Coast adult-use market.
The market launched in January with only about a half-dozen
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