Defying both bear-market trends as well as competition from new markets in nearby states, Illinois adult-use marijuana sales topped $140 million in July.
That’s a 2.5% increase from June, according to state figures, but it’s also the most sales of any month in Illinois so far in 2023 – and the second-highest grossing month since the state launched its recreational program in January 2020.
ADVERTISEMENT
According to data released Aug. 3 by the Illinois Department of Financial and Professional Regulation, state-licensed cannabis retail outlets also sold 3.5 million items – the highest total for the year so far.
The data represents a steady increase in purchases from in-state residents despite illicit-market competition.
It might also reflect extra sales capacity as a new round of social equity licensees open for business.
The oldest adult-use market in the Midwest, Illinois long enjoyed the regional market to itself.
For
Read full article on Marijuana Business Daily
