---
title: Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes
description: On a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5%.
---

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# [Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes](https://420intel.com/blog/is-colorados-cannabis-market-back-on-track-a-5-sales-boost-says-yes)

 Written by [Buzz](https://420intel.com/blog/author/buzz) | Oct 15, 2024 1:26:09 PM

## On a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5%.

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.

### **Colorado Sales Up 5% Quarter-To-Date**

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.

### **Connecticut Sales Flat Year-Over-Year**

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.

 

 

[by Nicolás Jose Rodriguez](https://www.benzinga.com/markets/cannabis/24/10/41322446/is-colorados-cannabis-market-back-on-track-a-5-sales-boost-says-yes)

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