The numbers are in: after almost exactly a year, Connecticut has tallied $144.6 million in adult-use recreational cannabis sales since the market launched in 2023.
Connecticut recorded more than $17.1 million in recreational cannabis sales in December, a new monthly high since the market launched on Jan. 10, 2023, according to new data from the state.
Coinciding with the increase in adult-use cannabis sales, medical marijuana sales continue to be lower than they were earlier in the year, totalling $10.3 million in December, according to the state Department of Consumer Protection (DCP).
The average cannabis product price has dropped in both markets since last year’s recreational industry launch, and the average price for both medical and adult-use products was $34.95 in December. For the month, medical marijuana patients purchased 291,113 products and adult-use customers bought 453,944 products.
Tax collection data
Connecticut collected almost $1.6 million in tax revenue from adult-use cannabis sales in November, according to new data from the state Department of Revenue Services (DRS).
During the first 11 months of operation, the state collected more than $13.8 million in excise tax revenue from the adult-use cannabis market, DRS data shows. Including regular sales tax, Connecticut has collected more than $21.7 million in total taxes from recreational cannabis sales through November.
Tax collection data for December 2023 won’t be available until February. Each adult-use cannabis purchase carries a 6.35% state sales tax, 3% municipal tax, and between 10% to 15% of additional state cannabis tax based on THC content.
Since the adult-use market launched, 19 new adult-use and hybrid retail dispensaries have opened. One Disproportionately Impacted Area Cultivator and one micro-cultivator, an equity joint venture, have also begun operations, in addition to two licensed delivery service companies.
An additional 94 provisional licenses have been issued across all license types so far, DCP said.
