Illinois Sold Almost $35 Million Of Marijuana In Second Month Of Legal Sales

Illinois Sold Almost Million Of Marijuana In Second Month Of Legal Sales

Illinois raked in about $35 million in legal marijuana sales in February, the state’s Department of Financial and Professional Regulation announced on Wednesday. During the 29-day period, more than 831,000 cannabis products were sold at dispensaries throughout the Prairie State. That’s a slight dip in sales compared to the nearly $40 million haul in January, the first month that the state’s marijuana market went online. On the first day of sales alone—which saw Lt. Gov. Juliana Stratton (D) as one of the first buyers—Illinois shops sold more than $3.1 million in cannabis. But the dip in February is to be expected, and the still-strong sales report indicates that the demand for marijuana products is robust. About $26.5 million in sales come from in-state residents, while about $9.2 million worth of products were purchased by out-of-state consumers. That’ll be welcome news to Gov. J.B. Pritzker (D), who ribbed neighboring states in his State of the State address in January about how their lack of legal access to marijuana meant residents would come to Illinois and contribute to its tax revenue. That said, officials in the state have emphasized that the main goal of legalization wasn’t the economic benefits of the program, but rather the need to right the wrongs of prohibition and promote social equity in the industry. “These numbers show there continues to be a strong demand across the state as the most equity-centric cannabis program in the country moves forward in Illinois,” Toi Hutchinson, the administration’s cannabis czar, said…

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Source : MJ moment
Link to original : Illinois Sold Almost Million Of Marijuana In Second Month Of Legal Sales
reposted by Cannabis News World

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