Connecticut cannabis sales rebound after spring slump and reach new record high | Where to buy CBD online

Connecticut’s recreational marijuana market continued to heat-up through the end of summer, while medical cannabis sales continued to fall, even though the state’s overall market has seen a substantial rebound from Late last year.

Last month, recreational sales totaled $17.9 millions, while medical sales fell to $7.6 millions, for a total of $25.6million. Statistically, The Department of Health and Human Services of the State.

This is another new monthly record. It was $24.6 million in July, and $23.9 in June.

The total number of cannabis products sold in August reached a new record of 687.384. This includes 466.776 adult-use products and 220.608 medical products.

According to reports, the prices of cannabis flowers have remained relatively stable since the launch of the adult-use market in January 2023. State figures. In August, the average cost of a gram was $11.61, down slightly from $12.32 when the recreational market first launched. However, it was up from $9.68 at the low point in September of last year.

Ben Zachs is the owner of Connecticut marijuana store Fine Fettle. Tell CT Insider August was a “excellent” month, but he added that there were a few qualifiers. August had five weekends, and seven new dispensaries opened in recent weeks.

Zachs said that both of these factors likely contributed to higher sales.

Zachs speculated, “I wonder if it is sustainable or if it was just based upon the fundamentals of calendar,” to CT Insider. “Are we increasing market or was this just based on fundamentals?” Zachs speculated to CT Insider.

John Schroyer

John Schroyer is a journalist who has been working since 2006. He initially focused on politics and covered the 2012 Colorado campaign for marijuana legalization. He began writing about the cannabis industry in 2014 after attending the first legal cannabis sales that took place on New Year’s Day of that year, in Denver. John has covered the subsequent marijuana market launches that took place in California and Illinois. He has written about all aspects of the marijuana trade and was a member of the team who built the cannabis industry’s first ever trade show, MJBizCon. He joined Green Market Report as of 2022.