Connecticut Cannabis Market Thrives: August Sales Soar To $25 Million
The Department of Consumer Protection in Connecticut unveiled new preliminary data, showcasing a robust cannabis market in August 2023, with combined adult-use and medical marijuana sales reaching an impressive $25 million.
The adult-use sector, which commenced in January 2023, accounted for over $14 million in sales, while medical marijuana contributed nearly $11 million.
State data highlights significant product purchases by both groups, revealing insights into consumer preferences, with 52 percent of sales comprising flower products and 30 percent vapes.
However, concerns are mounting over the state's limited testing lab capacity, with one of its only two licensed labs closing in March, reported Green Market Report.
Activists and industry experts worry that the single remaining lab may struggle to meet the growing demand as more dispensaries and brands enter the market, potentially affecting product availability and stifling growth.
Maine's Marijuana Sales Soar to New Heights in August, Setting Records
Maine's cannabis market achieved a remarkable milestone, with record-breaking sales totaling nearly $22 million, according to data from the state Office of Cannabis Policy (OCP).
August marks the fourth consecutive month of record adult-use cannabis purchases, with 377,050 individual transactions.
The state's year-to-date marijuana sales for 2023 have already reached $140.1 million, putting it on track to surpass the 2022 total of $159 million.
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Photo by CRYSTALWEED cannabis on Unsplash.
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