CHICAGO (CBS) — While many businesses have been struggling to survive during the pandemic, Illinois pot dispensaries have continued to thrive, setting another sales record in July.
The $61 million in recreational marijuana sales last month represented a 28% increase over June, when Illinois had $47.6 million in sales, according to the Illinois Department of Professional and Financial Regulation. Those figures do not include medical marijuana sales.
Sales of recreational pot have increased each month since February, which saw a slight drop in sales from January, the first month of legal weed in Illinois.
Marijuana dispensaries have been deemed essential businesses during the pandemic, allowing them to remain open during the early months of the outbreak, when most businesses were forced to close.
So far this year, recreational pot dispensaries in Illinois have sold nearly 6.7 million marijuana products worth a total of more than $300 million.
However, due to the pandemic, the state has delayed plans to issue 75 new dispensary licenses that were supposed to go out May 1, with preference given to so-called “social equity” applicants, who are eligible for lower fees and for business loans to help get their businesses off the ground. [Read More @ CBS News]
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
Comment *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Δ
Gov. Kathy Hochul ordered a review of the way New York State licenses cannabis businesses after calling the sluggish rollout of legal cannabis a “disaster.” Gov. Kathy Hochul has told…
By Vince Sliwoski, Managing Partner of Harris Sliwoski It looks like a permanent Oregon cannabis license moratorium will finally take effect. I say “looks like” because key contingencies are still in…
Morocco’s first legal cannabis harvest was 294 metric tons in 2023, after the country approved its cultivation and export for medicine and industrial uses, the cannabis regulator has said said. The harvest was made…
When buying lunch meat from the grocery store, you usually have two options: visit the deli and get your turkey sliced to your desired weight and thickness, or grab some…