<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1Tdpo3_0w6viyWJ00" alt="https://img.particlenews.com/image.php?url=1Tdpo3_0w6viyWJ00" width="1024" height="585" ></figure>According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and challenges in the legal cannabis market.<ul><li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. You can’t afford to miss out if you're serious about the business.</li></ul><h2>Colorado Sales Up 5% Quarter-To-Date</h2>In Colorado, legal cannabis sales totaled $122 million in August, holding steady month-over-month but down 8% compared to $132 million in August 2023. However, on a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5% from the $233 million recorded in April and May.The Colorado Department of Revenue (CDOR) reported 673 adult-use dispensaries by the end of August, with an average revenue of $162,000 per dispensary, or approximately $1.9 million annually. This is a slight decline from $172,000 per dispensary in August 2023, but the year-over-year declines in revenue per dispensary have slowed, partially due to a 2% reduction in store count since January.Notable companies with operations in Colorado include Schwazze SHWZ and The Cannabist Company CBSTF.<h2>Connecticut Sales Flat Year-Over-Year</h2>In Connecticut, legal cannabis sales reached $23.4 million in September, down 9% month-over-month but 7% lower than September 2023. Despite the monthly dip, quarterly sales totaled $74 million in Q3 2024, up 2% from Q2 2024.With 51 dispensaries operating by the end of September, the average revenue per dispensary was $460,000 per month, down 14% from $535,000 in August. Companies with notable operations in Connecticut include Curaleaf CURLF, Green Thumb Industries GTBIF, Trulieve Cannabis TCNNF, and Verano Holdings VRNOF.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</div></body>

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Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes

According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and challenges in the legal cannabis market. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to...