Cannabis Market Brief
Connecticut pays 3x more per gram than MA; Canovate can recapture cross-border revenue.
Market Snapshot
Market size
$290M statewide (2025); estimated $1.47B TAM with ~20% legal capture
Dispensaries
3-4 city proper; 27+ greater Hartford
Avg flower price
$7.44/g (2026, down 26% YoY from $12.51 March 2024); 88% higher than MA ($4.01/g)/g
Key Competitors
Curaleaf (92 Weston St, hybrid)
Hi! People (adult-use only)
Higher Collective (social equity)
Fine Fettle (32K sq ft cultivation)
Demand Signals
Statewide rec grew +$17.6M YoY; Dec 2025 highest monthly sales ever; 48% price gap vs MA drives cross-border shopping
Regulatory Notes
DCP: METRC seed-to-sale, 10-15% potency-based excise, 3% local + 6.35% state sales; HB 5350 (April 2026) expanded medical; no home cultivation for adult-use