A report released earlier this week by the Department of Financial and Professional Regulation in the state of Illinois shows that the state recorded about $131 million in legal recreational marijuana purchases in March. The state broke its annual record for marijuana sales last year, with more than $1.4 billion in cannabis being sold. However, cannabis product purchases were reduced during the first two months of this year. This new figure makes this the state’s second-highest recorded sales for adult-use cannabis since the industry’s opening in 2020. In the report, the department stated that last month, about $90.3 million in adult-use marijuana sales was generated from consumers who are also residents in the state, with roughly $40.7 million coming from nonresidents. It should be noted that these totals don’t include the sale of medical marijuana products because they are reported by another state agency. State data shows that last year, Illinois generated roughly $100 million more in tax revenue from the sale of adult-use cannabis than it did from alcohol.
CannabisNewsWire, 04/12/2022 16:20:00