Illinois’s marijuana market seems to be rebounding after a couple of months of lagging sales, with officials reporting on Monday that the state saw nearly $131 million in legal recreational cannabis purchases last month. That’s the second-highest recorded sales month for adult-use marijuana since the industry opened in 2020. The Illinois Department of Financial and Professional Regulation (IDFPR) reported that there were almost $90.4 million in adult-use cannabis sales from in-state consumers last month, while about $40.6 million came from out-of-state visitors. A total of 3,007,699 individual marijuana items were sold in March. The totals don’t include medical cannabis products, which are reported separately by a different state agency. While Illinois broke its yearly record for cannabis sales in 2021—with more than $1.4 billion in cannabis sold last year—marijuana purchases dipped in January and February, following the December 2021 record-high of $137,896,859. From last year’s sales, Illinois generated almost $100 million more in tax revenue from adult-use marijuana sales than from alcohol in 2021, state data found. It’s unclear what factors may have contributed to the dip at the beginning of this year, or the rebound in March.
Kyle Jaeger, Marijuana Moment, 04/05/2022 08:49:00