Connecticut: $24 Million in Cannabis Sold Legally in October, $250 Million Year-to-Date
- In October, legal marijuana sales in Connecticut totaled $24,055,147, a slight increase from September.
- Total marijuana sales for 2024 have reached around $250 million, bringing the all-time total to approximately $550 million.
- Connecticut legalized marijuana in 2021, with sales beginning in January 2023.
- Recreational marijuana sales are subject to a 6.35% state sales tax and an excise tax based on THC content, with the tax revenue being distributed to various programs.
According to the Connecticut Department of Revenue Services, there was $24,055,147 worth of marijuana and marijuana products sold legally in October, a slight jump from the $23,445,921 sold in September. October’s sales are similar to the $24.8 million sold October of last year.
Total marijuana sales for 2024 now stand at around $250 million, bringing the all-time total to around $550 million. In 2023, the yearly total reached $274 million. In October, make sales were split as follows:
Connecticut legalized marijuana in 2021, with the first store opening in January 2023. Adults 21 and older are permitted to possess up to 1.5 ounces of marijuana in public and up to 5 ounces in a locked container. They may also grow up to six plants for personal use, with a limit of three mature plants. Marijuana and related products are available through licensed retail outlets and dispensaries.
Recreational marijuana sales are subject to a 6.35% state sales tax, along with an excise tax based on THC content:
The tax revenue from marijuana sales is distributed as follows: