skip to Main Content
Customers bought nearly $40 million in recreational marijuana during the first month of sales in Illinois

Customers spent more than $39.2 million on recreational marijuana during the first month of legal weed sales in Illinois, and about a quarter of that came from out-of-state residents.

Sales to Illinois residents totaled more than $30.6 million, according to numbers from the state’s Department of Financial and Professional Regulation. Out-of-state residents spent more than $8.6 million. Tax revenues have not been released.

On Jan. 1, Illinois became the second state in the Midwest to launch recreational marijuana sales, after Michigan. None of the states that border Illinois sell it, said Bethany Gomez, managing director of cannabis research firm Brightfield Group.

“Illinois has a really strong advantage, being in the middle of prohibition territory,” she said.

Dispensaries around the state are dealing with product shortages that keep many customers from buying what they want the most: flower, the popular dried marijuana buds that can be smoked.

The shortage, which is expected to last months, shut down recreational sales at some dispensaries in early January. Buying limits remain in place at many shops, and others have limited recreational sales to two or three days a week. [Read more at Chicago Tribune]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

CDTFA Cannabis Creditor: Myths and Truths

By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of…

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

Dug In: Big Island Grown’s Deep Cannabis Roots

Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…

More Categories

Back To Top
×Close search
Search