Illinois cannabis dispensaries sold more than $1 billion worth of products in 2020, state records show. According to data from the Illinois Department of Financial and Professional Regulation, adult-use cannabis sales eclipsed $669 million during the first year of legalization. Year-to-date sales of medical marijuana also surpassed $331 million through November.
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.
Cannabis sales in Colorado and Illinois reached record highs in July and August, data from both states reveals. According to the Colorado Department of Revenue, adult-use cannabis sales eclipsed $183 million in July and $954 million year-to-date.
On the heels of raising more than $68 million in new funding, Massachusetts-based cannabis firm Ascend Wellness Holdings (AWH) today announced plans to purchase two Modern Cannabis (MOCA) dispensaries in Chicago for an undisclosed sum. In a news release, AWH said its agreement to acquire the two stores would expand the company’s Illinois dispensary footprint to six licenses.
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 has hauled in $52 million in tax revenue from the sale of $239 million worth of adult-use cannabis this year, Governor JB Pritzker announced Tuesday. According to a news release, the Illinois Department of Revenue collected $34.7 million worth of excise taxes and approximately $18 million in sales taxes through the first six months of 2020.
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.
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.
Recreational sales of marijuana in Illinois officially commenced on the first day of 2020 as dozens of dispensaries across the state opened their doors to thousands of eager cannabis customers. The Illinois Department of Financial and Professional Regulation currently lists 46 adult-use cannabis dispensaries that licensed and approved to sell marijuana throughout the state.