Illinois weed sales remain strong at near-record $116 million in June

July 12, 2021
AggregatedNews
Illinois
0 Comments

Recreational marijuana sales remain strong in Illinois, with a near-record $115.6 million in sales for June.

The totals, reported Thursday by the Illinois Department of Financial and Professional Regulation, are down slightly from the record $116.4 million worth of recreational cannabis products sold at dispensaries statewide in May. But Illinois remains on a prodigious pace in its second year of legal recreational weed sales.

The state has generated $626 million in recreational cannabis sales over six months — nearly equaling its total for all of 2020.

In June, Illinois’ 110 dispensaries sold more than 2.5 million recreational weed products, with in-state residents spending about $79 million and out-of-state customers accounting for more than $36 million, according to the state.

Illinois has yet to release medical marijuana sales for June.

The state legalized recreational cannabis use in January 2020. Total sales reached $1.03 billion last year, including $669 million in recreational weed and more than $366 million in medical sales.

In May, Illinois legislators approved a bill to add 110 new recreational cannabis dispensary licenses. Gov. J.B. Pritzker said he plans to sign the measure into law. The bill was sent to his desk June 25. [Read More @ Chicago Tribune]

This Post Has 0 Comments

Recent Stories

Japan’s cannabis market growing rapidly amid regulatory shift

Japan’s cannabis market expanded sixfold over four years to ¥24 billion ($154 million) in 2023, a trend that is expected to accelerate with the amendment in December of cannabis laws,…

Ispire Leads with a Focus on Safety and Innovation

Los Angeles-based Ispire Technologies (NASDAQ: ISPR) is a three-year-old company built on the foundation (and reputation) of a global enterprise with many years of experience as an ODM (original design…

Sacramento is ’cannabis capital of California,’ study says. What makes it a top weed city?

Sacramento is one of the best cities in the nation for cannabis fans, according to a new study. Real Estate Witch and Leafly, an online cannabis guide and marketplace, analyzed…

Two years after first legal cannabis sales, New Jerseyans still seek home cultivation

For the last two years, people have been able to stroll into New Jersey dispensaries to buy weed. But growing your own cannabis plant remains a third-degree felony. Despite a growing…