Connecticut’s legal marijuana market recorded $24,669,523 in sales during October, marking the second highest monthly total since the state launched legal retail.
The new figure, released today by the Department of Consumer Protection, pushes year-to-date sales to $233,949,917. October’s total surpasses the roughly $23 million sold in October 2024, even though prices have dropped sharply over the past year. The average retail price for dried marijuana fell to a new all-time low of $8.43 per gram last month, down nearly 25% from more than $11.20 per gram a year earlier.
The jump in monthly revenue despite falling prices reflects continued growth in adult-use purchasing, with recreational customers now driving around 76% of the market, with a little under a quarter of all purchases made by medical cannabis patients.
Connecticut legalized marijuana in 2021, and retail sales began in January 2023. Adults 21 and older may purchase and possess up to 1.5 ounces in public, keep up to five ounces at home, and grow up to six plants for personal use. Recreational purchases are taxed at the state’s 6.35% sales tax rate along with a potency-based excise tax, while medical sales remain untaxed.
More articles from The Marijuana Herald can be found below.
