ILLINOIS STARTS 2020 ON A HIGH NOTE

ILLINOIS STARTS 2020 ON A HIGH NOTE

ILLINOIS STARTS 2020 ON A HIGH NOTE by Akshita Singh and Douglas Sargent | Jan 10, 2020 | Legislation, Recreational Marijuana, Social Equity | Illinois To kick off 2020, we thought it would make sense to provide an update on what’s been going on in Illinois over the last few weeks (there’s been a lot) and is continuing to keep us extremely busy. Recreational Sales Are Live: On New Year’s Day, thousands lined up for a chance to buy marijuana legally for the first time. The day consisted of long lines, a few setbacks, but most importantly, happy customers. On the first day alone, dispensaries sold more than $3 million worth of product according to a press release from the Illinois Department of Financial and Professional Regulation (IDFPR). While sales (and supply) dipped each of the next four days, sales for each day stayed above $1 million, and the total for the first five days was $10,830,667.91. Conditional Adult Use Applications: Illinoisans were also lined up on January 2, but this time it was to submit timely applications for the next round of recreational dispensary licenses. The IDFPR announced its preliminary count: more than 700 applicants submitted applications seeking nearly 4,000 licenses, with more than 600 of those applicants identifying themselves as social equity applicants. The IDFPR…

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Source : CANNANNEW REPORT
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