Connecticut Adult-Use Cannabis Sales Reach $13M in July; Medical Sales Decline

Connecticut adult-use cannabis retailers sold $13 million worth of product in July while medical cannabis sales continued to decline for the second consecutive month, sliding to $10.6 million.

Full story after the jump.

Adult-use cannabis sales in Connecticut reached $13 million in July, while medical cannabis sales totaled $10.6 million, according to Department of Consumer Protection (DCP) data. In July, adult-use consumers purchased 324,177 products, while medical cannabis patients purchased 279,240 products.  

The average product price for adult-use products in July was $39.92 while the average price for medical cannabis products was $39.66. More than half of all sales – 52% – were flower, while vapes comprised 31% of sales and edible products represented 11% of sales. 

Adult-use sales in Connecticut have increased every month since sales launched in January. From June to July, adult-use sales increased by about $500,000 while medical cannabis sales decreased from about $11.4 million to $10.6 million over the same period.

So far this year, dispensaries in Connecticut have recorded about $68.9 million in adult-use sales and about $76.5 million in medical cannabis sales. According to DCP data, medical cannabis sales had been higher in the first four months adult-use cannabis was available for sale in the state; however, adult-use sales have exceeded medical cannabis sales in each of the last three months. 

Medical cannabis sales are exempt from sales and excise taxes. Transaction limits of 7 grams of raw flower or the equivalent remain in effect for all adult-use purchases, while medical cannabis patients may purchase up to 5 ounces per month and are not subject to individual transaction limits. 

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