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Home»Legal & Policy»First Day Cannabis Sales in Connecticut Exceed $350K
Legal & Policy

First Day Cannabis Sales in Connecticut Exceed $350K

May 28, 2023Updated:January 24, 2025No Comments2 Mins Read
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Hashish gross sales in Connecticut reached $359,130 in the course of the first day of the market’s rollout, in keeping with Division of Shopper Safety knowledge outlined by CT Insider. In all, there have been seven dispensaries working all through the state on Tuesday, the first day of adult-use hashish within the Structure State.  

Customers have been reportedly met with costs larger than these in neighboring Massachusetts. A evaluate of on-line pricing discovered a 100-milligram bundle of gummies at a Stamford dispensary value $40 earlier than tax, whereas an identical product additionally containing 100 milligrams of THC value $25 on the firm’s Rowley, Massachusetts dispensary. Insider additionally discovered comparable merchandise value $25 at a New Jersey dispensary and $35 at a Rhode Island dispensary. 

New adult-use hashish markets normally roll out with higher-than-average costs however costs usually come down and stabilize because the market matures. 

Most Connecticut dispensaries have been promoting 3.5-gram containers of flower for $50, which normally value about $5 much less at Massachusetts retail retailers.   

Adam Wooden, president of the Connecticut Hashish Chamber of Commerce, informed Insider he expects that “costs will fluctuate” as provide and demand change. At the moment, there are simply 4 licensed cultivators within the state. Wooden estimates as many as 30 to greater than 40 cultivators may obtain state licenses. 

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