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Cannabis Sales Continue to Climb in Illinois
Cannabis Sales Continue to Climb in Illinois

Illinois cannabis dispensaries continued to break records in September, as adult-use sales increased 5.7% to more than $67.64 million. The Illinois Department of Financial and Professional Regulation (IDFPR) reported Monday that recreational marijuana sales grew to an all-time high for the fifth month in row.

Illinois Cannabis Sales Break Another Record
Illinois Cannabis Sales Break Another Record

Sales of adult-use cannabis in Illinois have surpassed $300 million through the first seven months of the year, the state’s Department of Financial and Professional Regulation (IDFPR) reported Monday. July marked yet another record-breaking month for recreational cannabis sales in Illinois, as adult-use dispensaries moved more than 1.2 million products and hauled in nearly $61 million.

Illinois Recreational Dispensaries Sell Record $47.6 Million of Cannabis in June
Illinois Recreational Dispensaries Sell Record $47.6 Million of Cannabis in June

Sales of adult-use cannabis in Illinois hit a new record high last month, as recreational marijuana dispensaries sold more than $47.6 million worth of legal products – a 7.5% uptick versus the previous month. According to the IDFPR, which tracks sales at licensed adult-use shops, nearly $240 million worth of recreational cannabis has been sold in Illinois through the first half of 2020.

Illinois Dispensaries Sell a Record $44.3 Million Worth of Marijuana in May
Illinois Dispensaries Sell a Record $44.3 Million Worth of Marijuana in May

Sales of adult-use cannabis in Illinois hit a record high in May as the state’s recreational shops sold $44.3 million worth of legal marijuana products, state officials reported last week. According to the most recent data from the IDFPR, which oversees dispensary licensing and tracks sales, in-state residents purchased more than $34 worth of cannabis last month.

Report: Global Cannabis Sales to Hit $47 Billion in 2025
Report: Global Cannabis Sales to Hit $47 Billion in 2025

Global cannabis sales are expected to reach $47 billion by 2025, according to analysts at BDSA (formerly BDS Analytics) and Arcview Market Research. According to the firms, the global cannabis industry generated an estimated $14.8 billion in 2019, up a record 46% from 2018. The firms had previously predicted that sales would reach $14.9 billion in 2019.

New Polls Show Continued Majority Support for Federal Cannabis Legalization
New Polls Show Continued Majority Support for Federal Cannabis Legalization

A new group of polls indicates that Americans are increasingly in favor of legalizing cannabis. A Marist Poll recently found that 62% of adults believe federal marijuana legalization is a “good idea.” Meanwhile, a new Fox News survey of 1,000 registered voters also found that 63% favored the national legalization of cannabis for recreational use.

BDS Analytics, Brightfield Group Quantify the Cannabis Market at CWCB Expo
BDS Analytics, Brightfield Group Quantify the Cannabis Market at CWCB Expo

The global cannabis market is poised to be worth $41 billion by 2024, BDS Analytics shared during the 2019 Cannabis World Congress & Business Exposition in Boston. However, Brightfield Group has a slightly more modest outlook. The Chicago-based firm estimates that U.S. cannabis sales will reach $23 billion 2023.

Gallup: 66% of Americans Support Federal Cannabis Legalization
Gallup: 66% of Americans Support Federal Cannabis Legalization

Two-thirds of Americans still support federal legalization of cannabis according to a new Gallup survey released on Wednesday. The analytics and polling firm shared the results of its annual crime survey, which was conducted in early October and found that 66% of U.S. adults were in favor of legalizing cannabis.

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