Illinois Cannabis Sales Doubled in 2021

High Times

The first year of legal cannabis sales in Illinois was a roaring success, but it turns out the second year was even better.  Twice as good, in fact. A report from the grimly named Illinois Department of Financial and Professional Regulation (IDFPR) showed that adult-use cannabis sales in the state totaled $1,379,088,278.61 in 2021––more than double the figure from the opening year of sales in 2020, which were roughly $669 million.  The figures released by the IDFPR provide insight into the quantity of cannabis products sold, and when customers were buying them.  The biggest month for pot sales in 2021 came at the very end of the year, with $137,896,859.11 generated in December. That was also the case in 2020, when the $86,857,898.27 worth of cannabis sales made December the highest-grossing month of that year.  The IDFPR’s report also details the source of the money. Last year, $943,013,285.67 of the cannabis sales came from Illinois residents, while $436,176,093.93 came from out-of-state residents. A total of 30,342,937 cannabis items were sold last year––up from 14,485,704 in 2020.  Illinois’ recreational cannabis market opened for business on New Year’s Day 2020, a milestone that was met with long lines outside the states’ newly opened dispensaries. The first day of sales alone generated more than $3 million, and many of the shops ran out of weed during the opening week. The figures continued to climb, giving the administration of Illinois Governor J.B. Pritzker, who signed the bill legalizing recreational cannabis in 2019, a reason to take a victory lap. In June of 2020, Pritzker’s then-senior adviser for cannabis control Toi Hutchinson, who has since been hired as the Marijuana Policy Project’s president and CEO, said that the “successful launch of the Illinois legal cannabis industry represents new opportunities for entrepreneurs and the very communities…

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Source : Illinois Cannabis Sales Doubled in 2021

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