Adult-use cannabis sales, tax revenue hit new monthly highs
HBJ PHOTO | STEVE LASCHEVER
A sea of cannabis flowers.
Adult-use cannabis sales continue to climb in Connecticut, with a new monthly high set in August.
Connecticut’s recreational marijuana market recorded more than $14 million in sales last month, the state Department of Consumer Protection said Monday, which represents a new monthly high since adult-use sales began Jan. 10. The previous monthly high of more than $13 million was reached in July.
Overall cannabis sales have now exceeded $83 million through eight months.
Medical marijuana sales were $10.9 million in August, up slightly from the $10.6 million in July, which was an all-time low since the sales data has been recorded.
In July, adult-use consumers purchased 354,700 products at an average price of $39.49. Medical patients purchased 278,395 products at an average cost of $39.36.
Tax data
In the first seven months of operation, Connecticut has collected almost $7.5 million in tax revenue from the adult-use cannabis market, according to new data from the state Department of Revenue Services. That includes tax collection data from Jan. 10 through the end of July — numbers for August won’t be available until the end of September.
Tax collection numbers have increased monthly since adult-use sales began, with more than $1.4 million collected in July. 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.
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