Adult-use marijuana sales in Illinois are flat and on pace to reach roughly $1.5 billion this year, only about a 10% increase from 2021, according to the most recent state figures.
May sales totaled $129.8 million, off just slightly from sales of $131.8 million in April and $131 million in March, according to data reported by the Illinois Department of Financial and Professional Regulation.
ADVERTISEMENT
Out-of-state residents accounted for nearly a third of the sales.
December 2021 so far has been the top adult-use sales month for Illinois, with $137.9 million in transactions.
Adult-use marijuana sales then slumped in January and February to $117.3 million and $114 million, respectively.
Illinois recorded $1.38 billion in sales in 2021, and the 2022 MJBiz Factbook earlier this year projected sales in the state would reach $1.9 billion-$2.3 billion in 2022.
Inflationary pressures might be curbing consumer spending in Illinois. In addition,
Read full article on Marijuana Business Daily
