The Department of Consumer Protection (DCP) released data on the state’s first month of adult-use cannabis sales on Friday. According to the DCP data, the adult-use market recorded $5.1 million in sales from Jan. 10th to Jan. 31st. The medical marijuana market, which was previously not required to track sales, recorded $8.2 million in sales during that same period.
The numbers do not include the taxes on adult-use cannabis. The tax rate on adult-use cannabis is about 20 percent of the sale price of the product and includes the state’s 6.35 percent sales tax, a 3 percent sales tax dedicated to the city or town where the sale occurs and a tax based on THC content that costs 10 to 15 percent of the sale price. Medical marijuana, however, is not taxed.
The sales data was recorded through the inventory tracking system, BioTrack, which has been set up to monitor the movement of cannabis products within the state. The sales for both categories of cannabis sales will be reported monthly at ct.gov/cannabis.
Although January was the first month of adult-use cannabis sales, Republican lawmakers are already looking to crack down on the market. Late last month, House Republicans proposed H.B. 5434, which would ultimately suspend the sale of adult-use cannabis products until the state’s Drug Recognition Expert program is up and running and ban the sale of edibles, among other measures.
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