Connecticut’s cannabis sales decline 12% in September
- Total cannabis sales in Connecticut dropped 12% in September, from $25.6 million in August to $23.4 million.
- Adult-use sales fell 7.6% to $16.6 million, while medical marijuana sales dropped 10.9% to $6.8 million.
- Prices also declined, with the average price per gram dropping from $12.16 in August to $11.61 in September.
- Factors contributing to the decline include oversupply from neighboring states and the expansion of New York's adult-use market.
Total cannabis sales in Connecticut dropped 12% in September, according to recently released data.
Recreational and medical marijuana sales declined from a $25.6 million in August to $23.4 million in September, according to the state’s Department of Health and Human Services.
Adult-use sales fell 7.6%, from $18 million in August to $16.6 million in September.
Medical marijuana sales dropped 10.9%, from $7.7 million to $6.8 million.
Ben Zachs, owner of recreational and medical marijuana retailer Fine Fettle, said sales were lower than expected.
“Our metrics showed that, just in terms of fundamentals, September should have been a month that was about 8.5% below August,” Zachs told CT Insider.
“But to see 12% was not what we’d love to necessarily see as we’re trying to build this market up.”
Prices also dropped, with the average price per gram declining from $12.16 in August to $11.61 in September.
Contributing to the decline, in part, are an oversupply of marijuana in neighboring states such as Massachusetts as well as the expansion of New York’s adult-use market, Zachs told CT Insider.
Connecticut’s marijuana market earlier this year experienced its first sales decline since its 2023 launch.
In January, Connecticut retailers sold $15.6 million in adult-use products and $9.37 million in MMJ goods, down from $17.1 million and $10.3 million, respectively, in December.