Roughly three months since the launch of Connecticut’s legal cannabis market, both medical and adult-use marijuana sales continue to climb.
Combined sales for adult-use cannabis and medical marijuana totaled more than $22 million from March 1 to March 31, according to new data from the state Department of Consumer Protection (DCP). Specifically, the adult-use market recorded $9.6 million in sales while the medical market recorded $12.6 million in sales during that same period.
Since Jan. 10, when the adult-use cannabis market launched, sales in both segments have increased. In the shortened month of January, recreational cannabis sales totaled $5.1 million, while medical marijuana sales during that same period were $8.2 million. In February, the first full month since the market opened, adult-use sales were $7.02 million while the medical market recorded $11.4 million.
Medical patients purchased 339,062 products at an average price of $37.06 in March and adult-use consumers purchased 234,974 items with an average price of $40.69.
While the average adult-use product price has declined slightly each month, the opposite is true for the medical market, which has seen the average product price increase slightly since January.
The average product price for medical marijuana patients was $36.11 in February, while the average price of adult-use products was $41.82. In January, the average adult-use product price was $44.61 and medical was $35.67, respectively.
The data was collected through the state’s seed-to-sale tracking system, Biotrack, which has been used since the adult-use market launched Jan. 10. The tracking was not previously required when the state’s legal cannabis market served medical patients only.
DCP said the preliminary data does not include adult-use transaction taxes made at the point of sale. Medical marijuana patients do not pay taxes on the purchase of their medicine.
