Consumers in Illinois spent more than $1.6 billion on legal adult-use cannabis in 2023, a market record despite a nearly 15% year-over-year decline in sales to out-of-state shoppers.
The $1.6 billion annual sales figure represents a 5.3% increase over 2022.
ADVERTISEMENT
That total includes roughly $1.2 billion in sales to in-state shoppers and $408.1 million sold to out-of-state visitors, according to the Illinois Department of Financial and Professional Regulation (IDFPR).
Illinois’ decline in out-of-state sales can be explained at least partly to neighboring Missouri launching adult-use marijuana sales in February 2023.
Meanwhile, December adult-use sales in Illinois totaled nearly $154 million, a monthly record.
The state has 177 recreational marijuana cannabis retailers, including 67 social equity businesses.
“One hundred thirty-three applicants selected in
Read full article on Marijuana Business Daily
