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August Cannabis Sales Reach Nearly $25 Million in Connecticut

Connecticut saw a month of record-breaking cannabis sales in August.

Preliminary data from Connecticut’s Department of Consumer Protection has revealed that combined sales for adult-use cannabis and medical cannabis totaled nearly $25 million in August.

The state saw the approval of adult-use cannabis in June 2021 however sales did not begin until January 2023.

According to the data, the state’s adult-use market recorded more than $14 million in sales during the month of August, while the medical cannabis market recorded almost $11 million in sales for the same period.

The month saw a total of 278,395 products purchased by medical cannabis patients -which do not pay tax on their purchases – with an average product price for the month of $39.36.

Adult-use consumers purchased 354,700 products at an average price of $39.49.

A total of 52% of the month’s sales were usable cannabis or flower, with vapes making up 30% of sales and edible products representing 11% of sales.

The Department has stated that the preliminary data does not include taxes collected at the point of sale on adult-use transactions and is subject to further review.

Transaction limits of 1/4 ounce of raw flower or the equivalent remain in effect for all adult-use purchases, however, medical cannabis patients can purchase up to 5 ounces per month and are not subject to individual transaction limits.

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