Cannabis Prices in Connecticut Hit Lowest Point This Year
The worth per gram of flowers this 12 months has reached the bottom level in Connecticut to $ 10.86, in response to facts of the Division of Shopper Safety (DCP). The worth will not be the bottom within the state because the launch of adults promote final year-from April to October 2023, the value per gram fell beneath $ 10.00 earlier than he rose to $ 11.00 from November 2023 to January 2024 after which above $ 12.00 from February to July. Through the summer season the value per gram floated greater than $ 11.00.
The worth lower follows a rise within the sale of hashish for adults within the state who had reached document highs in August-in a complete of round $ 18 million. He fell to round $ 16.6 million in September. In line with the DCP knowledge in October, the turnover in October was roughly $ 17.3 million and $ 17.6 million in November.
The sale of medicinal hashish in November reached their lowest level because the launch of sale for using adults as much as round $ 6.7 million. The sale of medicinal hashish within the state solely exceeded the sale for grownup use within the first 4 months after the launch of the marketplace for using adults and has since fallen nearly constantly.
Flower remains to be the dominant product class out there for adults with a market share of 49% price round $ 265.5 million because the launch of the retail commerce. Vape -Cartridges have a market share of 32%(~ $ 171 million), adopted by meals (12%, ~ $ 65 million), concentrates (5%, ~ $ 24.6 million) and “different” (3%, ~ $ 15.7 million) Together with together with drugs, topicals and tinctures.
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