By Legal cannabis sales in Connecticut are stable, in national news $21 million in medical and adult cannabis revenue in April.
The newly launched adult market hit $10.2 million in April, while the medical cannabis market brought in $11.4 million, according to figures reported Wednesday by the state’s Department of Consumer Protection.
Total sales of $21 million were only slightly below sales in March, when the state reported cannabis sales of about $22 million.
Adult sales of $10.2 million in April set a new record for the recreational cannabis market in the state, which opened in January.
Gross sales so far in the adult market were $9.5 million in March, $7 million in February, and $5.1 million in the first month of January.
The Department of Consumer Protection also provided other figures from April’s total sales on Wednesday, reporting that medical cannabis patients “purchased 314,985 products and adult-use consumers purchased 259,499 products.” .
“In April, the average price for products for medical cannabis patients was $36.51, and the average price for adult products was $39.58,” the agency reported.
Details from the department:
“This data was collected through the state’s seed-to-sale tracking system. No. Preliminary data do not include taxes collected at the point of sale on adult transactions, subject to further consideration by the department.Medical cannabis patients do not pay taxes on drug purchases…medical cannabis patients Market sales data will not be available prior to January 10, 2023. Previously, seed-to-sale tracking was not required for medical cannabis sales. Currently recorded on BioTrack, an inventory tracking system used to monitor the movement of cannabis products in the state’s medical and adult cannabis markets.The trade limit for fresh flowers 1/4 ounce or equivalent is for all will continue to be valid for adult purchases of medical cannabis patients can purchase up to 5 ounces per month and personal trade limits will not apply.The Department will publish future data at ct.gov/cannabis Data is updated after the 10th of each month and new data is added as it becomes available.”
Connecticut will legalize recreational cannabis for adults over the age of 21 in 2021, with Democratic Gov. Ned Lamont signing legislation to end the ban and lay the groundwork for the market, which began in January.
“That is why I am introducing legislation and working with our legislative partners and other stakeholders to create a safe and regulated market that prioritizes public health, public safety, social justice and fairness. We have worked hard to build a comprehensive framework that will eliminate dangerous unregulated markets and support new growth areas of our economy that create jobs,” Lamont said. said at the time. “Allowing the possession of cannabis by adults, regulating its sale and content, training police officers in the latest techniques to detect and prevent impaired driving, and expunging the criminal records of those who have committed certain cannabis crimes. By doing so, we not only effectively modernize our laws, but by addressing inequalities, we keep Connecticut economically competitive with neighboring states.”
In December, Mr. Lamont announced that about 44,000 low-level cannabis-related convictions would be canceled as part of the new cannabis law.
“Employers, especially in Connecticut, are trying to fill hundreds of thousands of open positions, but old convictions for low-level cannabis possession should not prevent them from pursuing career, housing, occupation, and educational aspirations,” the governor said. re-uttered. He will be elected to a second term in November, he said in a statement at the time.
