Connecticut marijuana sales approach $23 million in May

Advanced multi-tier cannabis grow strategies unveiled. Learn from the pros at Pipp Horticulture on how to maximize your indoor yield and avoid costly mistakes through effective planning and design and system integrations. Join us Sept. 20 at 2 p.m. EST. Don’t miss this free webinar.

Combined sales of recreational and medical marijuana in Connecticut totaled nearly $22.8 million in May, surpassing the previous monthly record of $22.1 million set in March.

May adult-use sales hit a monthly high of $11.5 million, up 13.2% from the $10.2 million figure reported by the state for April.

In dollar terms, recreational marijuana sales accounted for 50.7% of cannabis sales in Connecticut during the month.

The total number of adult-use products sold in May was 292,054, up from 259,499 in April.

Meanwhile, medical marijuana sales declined on a month-over-month basis, a typical pattern in markets where adult-use legalization follows MMJ legalization.

Retail sales of medical cannabis shrank by 1.7% from April to May, totaling $11.2 million.

The number of MMJ products sold declined slightly to 312,758 in May, from 314,985 in April.

The average product price in May was $39.47 for adult-use cannabis products and $35.86 for MMJ products.

Recreational cannabis sales in Connecticut began Jan. 10.

The 2023 MJBiz Factbook projects adult-use cannabis sales in Connecticut could reach as much as $200 million this year, with MMJ sales worth up to $149 million.