Illinois (Yet Again) Breaks Monthly Marijuana Sales Record

Illinois (Yet Again) Breaks Monthly Marijuana Sales Record

Marijuana sales in Illinois broke yet another monthly record in August, according to a report from the state Department of Financial and Professional Regulation that was released on Tuesday. Despite the coronavirus pandemic, Illinois has seen escalating cannabis sales month-over-month. In August, consumers purchased more than 1.3 million marijuana products for a total of nearly $64 million. More than $17 million of those sales came from out-of-state visitors. In July, the total sales reached about $61 million—the previous record. The new adult-use sales figures don’t include data about purchases made through the state’s medical cannabis program. This latest data seems to support the notion that the state’s marijuana market is “recession-proof” and “pandemic-proof,” as a top regulator said last month. Via Department of Financial and Professional Regulation. State officials have emphasized that while the strong sales trend is positive economic news, they’re primarily interested in using tax revenue to reinvest in communities most impacted by the drug war. Illinois brought in $52 million in cannabis tax revenue in the first six months since retail sales started in January, the state announced last month, 25 percent of which will go toward a social equity program. “We were not doing this to make as much money as fast as we possibly could,” Toi Hutchinson, senior cannabis advisor to Gov. J.B Pritzker (D), said last month. “We were actually doing this for people,” with a focus on supporting communities most impacted by the drug war. In May, the state also announced that it was making available $31.5…

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Source : MJ moment
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