Connecticut Marijuana Sales Surge to Over $25 Million in September

Marijuana Sales Surge: A High on the Horizon

Hey there, fellow cannabis ! It’s your friendly neighborhood cannabis expert coming at you with some exciting news. You might want to sit back, roll one up (if that’s your thing), and join me in celebrating Connecticut’s marijuana sales surge in September.

Breaking Down the Numbers

**But First, Some Numbers**

Let’s dive right in, shall we? Last month, Connecticut hit a milestone that’s sure to make any cannabis aficionado grin from ear to ear. We’re talking about a jaw-dropping $25 million in legal cannabis purchases, and that’s no small number, my friends.

Here’s the breakdown: Adult-use cannabis sales accounted for a whopping $14,388,751. That’s right, it’s the ninth month in a row that recreational marijuana purchases have shattered records since Connecticut’s lit up in January. And let’s not forget about our medical marijuana patients, who contributed a solid $10,814,987 to the mix.

Now, if you’re doing the math (or just trying to remember how much you spent last month), that’s a cool $25,203,738 in legal cannabis purchases reported by the Connecticut Department of Consumer Protection (DCP). That’s a quarter of $100 million!

**What’s in the Bag?**

So, what were folks buying? Well, it turns out they were buying a little bit of everything. Adult consumers snagged a total of 376,035 cannabis products, while medical marijuana patients purchased 284,116 of their medicine. That’s a lot of happy customers right there.

But here’s where things get interesting. The cost of recreational cannabis has been steadily dropping since the opened, with the average product price hovering at $38.37 last month. So, not only are people buying more cannabis, but they’re also getting a better bang for their buck.

**Product Preferences**

Let’s talk product preferences. About 52 percent of the cannabis purchased last month was in the form of useable cannabis, also known as “flower” in our lingo. Vapes weren’t far behind, accounting for 30 percent of the sales, and edibles rounded out the list at 11 percent.

Now, here’s the fun part. The preliminary data we have doesn’t include collected at the point of on adult-use transactions. So, these numbers could get even higher once Uncle Sam takes his . And let’s not forget our medical marijuana patients—they don’t pay taxes on their medicine, and that’s a win for them.

Unpacking the Trends

**The Trends Continue**

Connecticut seems to be following in the footsteps of other states that have legalized cannabis. The medical cannabis market is gradually thinning as the adult-use system matures and expands. It’s like watching a fine wine age, but with cannabis.

And speaking of growing, as of July 1, Connecticut residents aged 21 and older can cultivate their own marijuana plants for personal use. It’s one of the latest provisions of the state’s cannabis legalization law, and it’s got green thumbs everywhere rejoicing.

**Supporting Social Equity**

But it’s not all about the green—there’s a social aspect too. Connecticut officials have announced a new loan program aimed at supporting social equity marijuana businesses. This program provides assistance to those who’ve been disproportionately impacted by prohibition, helping them expand operations in the legal industry. It’s a step in the right direction for sure.

Going Nationwide

**A Broader Perspective**

Now, Connecticut isn’t the only state breaking records in the world of cannabis. Take New Mexico, for example, where legal marijuana retailers raked in over $47 million in combined adult-use and medical marijuana sales in September. That’s a lot of green flowing through the Land of Enchantment.

And let’s not forget , where marijuana shops sold nearly 3.7 million adult-use cannabis products in September, totaling a mind-blowing $139.5 million in sales. It seems like the Windy City is blowing more than just wind these days.

Over in Maryland, more than $90.7 million worth of marijuana products flew off the shelves in September, mainly due to record-high monthly sales to adult-use consumers. The medical cannabis market took a slight dip after the opening of adult-use stores, but it’s still going strong.

Rhode Island had its moment in the spotlight too, setting records in August by selling the highest amount of cannabis for the fourth consecutive month, bringing in $9.7 million in monthly receipts. It’s like a small state with big cannabis dreams.

Montana had its turn in the spotlight too, hitting a monthly record for adult-use cannabis purchases in August, thanks to the state’s Cannabis Control Division.

Maine joined the party as well, with marijuana sales hitting a record high in August, totaling nearly $22 million in purchases.

Massachusetts is no slouch either, having sold over $5 billion in adult-use marijuana since the recreational market launched five years ago. Sales reached a whopping $139.3 million in August alone, with a year-to-date total of $1.05 billion within the first eight months of 2023. That’s a lot of dough going up in smoke!

Michigan’s marijuana sales hit yet another record high in July, with nearly $277 million worth of cannabis flying off the shelves.

Missouri, on the other hand, has been consistently selling about $4 million worth of marijuana per day on average since the state’s adult-use market opened up in February. The state saw a record $121.2 million in cannabis purchases in June. Talk about a hot market!

Final Thoughts

**A Final Tidbit**

Before we wrap this up, I’d like to mention a little something from the U.S. Census Bureau. They recently released their first report on state-level marijuana tax data, and it’s impressive. In the 18-month period between July 2021 and the end of 2022, states collected more than $5.7 billion from licensed cannabis sales. That’s some serious green going into state coffers.

So, there you have it, folks—Connecticut’s marijuana sales surge is just one part of a much larger trend sweeping across the nation. It’s an exciting time to be a part of the cannabis community, and it looks like the future is bright (and green).

Stay lifted, my friends, and remember to consume responsibly. Until next time, keep it green!

Q&A

**Q:** What were the total cannabis sales in Connecticut for September?

**A:** Connecticut saw over $25 million in total cannabis sales for September, with both medical and recreational purchases contributing to this record-breaking figure.

**Q:** Which products were most popular among cannabis consumers in Connecticut last month?

**A:** Flower (useable cannabis) accounted for 52 percent of the sales, followed by vapes at 30 percent and edibles at 11 percent.

**Q:** Are there any social equity initiatives in place to support cannabis businesses in Connecticut?

**A:** Yes, Connecticut has rolled out a loan program aimed at supporting social equity marijuana businesses, providing financial assistance to those disproportionately impacted by prohibition.

**Q:** How do Connecticut’s cannabis sales compare to other states?

**A:** Connecticut is part of a nationwide trend of record-breaking cannabis sales. Other states like New Mexico, Illinois, and Maryland have also seen substantial cannabis sales in recent months.

**Q:** What is the significance of the U.S. Census Bureau’s report on marijuana tax revenue?

**A:** The report highlights that states have collected over $5.7 billion in tax revenue from licensed cannabis sales, indicating the financial benefits of legalized cannabis.

Rosemary Puffman
I'm Rosemary, a staunch supporter of cannabis legalization and its potential benefits. My roles as a writer, cannabis entrepreneur, and informed investor allow me to contribute to the evolving narrative around cannabis. Through my writing, I aim to destigmatize and educate, while my business ventures and strategic investments align with my belief in the positive impact of responsible cannabis use.

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