TRSSF - Triple Play: Tracking Booming Markets In Connecticut Maryland And Maine For Investment Insights | Benzinga
Connecticut's Record Sales In December
Connecticut experienced a record-breaking December in 2023, with combined sales of adult-use cannabis and medical marijuana surpassing $27.5 million.
The state reported this marked the highest single-month total since the market opened.
The adult-use market alone contributed over $17.1 million. Since January 10, 2023, when adult-use sales began, the state has seen a cumulative total of $274 million in sales.
Maryland's Surging Sales Post-Legalization
In Maryland, following the legalization of recreational cannabis, sales have skyrocketed, reaching nearly $700 million annually.
The increase is significant in both medical and adult-use sales, with the latter jumping from a few hundred dollars to over $270 million.
Maine's Expanding Market
Maine's regulated adult-use cannabis market generated over $200 million in sales last year, marking a 36% increase from 2022. Despite this growth, some business owners express concerns over market saturation.
The state recorded about 3.7 million transactions in 2022, totaling around ...