Connecticut Cannabis Sales Reach $22 Million in March
Recreational and medical cannabis in Connecticut have profited $22.1 million in sales in March 2023.
In March 2023, the recreational and medical cannabis market in Connecticut have generated $22.1 million in sales (1). This is a 20% increase from the previous month.
First launched on January 10th, Adult-use sales accounted for nearly 43% of the total. The previous month, February, recreational cannabis use transactions held 38% of the $18,466,141 in total cannabis sales in the state.
Connecticut has 5 dispensaries transitioning to recreational sales throughout the state. Since January 2023, medical cannabis patients have decreased by about 2,300. The number of medical cannabis patients in the state is nearly 47,000, according to state data (1). This gap in sales between recreational and medical cannabis could shorten in the months to come. Pricing for adult-use cannabis has decreased by 8% since January while, medical cannabis products have stayed stagnant at $36.55.
Cannabis retailers in Connecticut are anticipated to bring in $200 million in recreational transactions and generate $149 million in medical cannabis sales, according to MJBiz’s recently released 2023 Factbook (2).
References
Ep 24, Part I: Data Transparency in Cannabis Testing with Yasha Khan
November 21st 2024Evan Friedmann interviews Yasha Khan, co-founder of MCR Labs, about his journey into the cannabis industry and his efforts to promote transparency and integrity in laboratory practices. Yasha discusses the origins of MCR Labs, which began in Massachusetts to meet the needs of the soon-to-be legal medical cannabis market. He explains the challenges faced, including result manipulation by labs and the impact on public health. Yasha's Freedom of Information Act (FOIA) project aimed to gather testing data from 37 states, revealed significant discrepancies in potency and mold results. Despite some states' reluctance to share data, Yasha has made much of this data public, leading to collaborative research and publications on various aspects of cannabis testing.
Senate Committee has released the text of 2024 Farm Bill, with changes to hemp regulations
November 19th 2024The U.S. Senate Committee on Agriculture, Nutrition, & Forestry has introduced the Rural Prosperity and Food Security Act, which will serve as the Senate’s draft for the 2024 Farm Bill.
Ep 23, Part III: Accreditation in the Cannabis Industry with Susan Audino
October 24th 2024In Part III of this episode, host Evan Friedmann is joined by Susan Audino, PhD, founder of S.A. Audino & Associates, LLC, and co-founder of Saturn Scientific, LLC, to examine the complexities of sampling in the cannabis industry, emphasizing the need for proper sampling plans, and methods.
