In Connecticut, the price of medical marijuana is different from dispensary to dispensary depending on location. Some of the factors determining the cost of medical marijuana are cannabis quality and strain as well as the type of cannabis product. The average price of 1 ounce of high quality marijuana in Connecticut is $333 while the average price of 1 ounce of medium quality marijuana is $281.
No. Banks and credit card companies do not process credit card transactions from dispensaries in Connecticut because cannabis is classified as a Schedule I controlled substance and banned at the federal level. Dispensaries, however, accept cash and debit cards for medical marijuana transactions.
Yes. Connecticut imposes a tax of 6.35% on retail sales including medical marijuana.
Connecticut has three types of taxes for recreational marijuana. These are a 6.35% sales tax, a 3% municipality tax, and a special tax based on the THC content of the recreational cannabis sold. This THC tax usually amounts to 10 - 15% of the sales price. As a result, recreational marijuana is likely to cost more than medical marijuana at dispensaries in Connecticut.
Some dispensaries in Connecticut have programs to help certain groups such as veterans, seniors, and students spend less on medical marijuana. Qualified patients with low income can benefit from a dispensary’s Compassionate Need Program. In addition, qualified patients can save on the cost of their medical marijuana prescriptions by taking advantage of loyalty programs offered by Connecticut dispensaries. They can also save money if they: