Illinois Adult-Use Cannabis Sales Up 14.6% From Last April

Illinois Adult-Use Cannabis Sales Up 14.6% From Last April

<![CDATA[Surrounded by five states that have yet to legalize adult-use cannabis, non-resident purchases continue to drive retail revenue at dispensaries in Illinois. In April, more than $40.8 million, or roughly 31% of the state’s $131.8 million in adult-use cannabis sales, came from out-of-state shoppers, according to recently updated sales figures from the Illinois Department of Financial and Professional Regulation (IDFPR). As of last month, there were 110 licensed adult-use dispensaries serving the state, which sold more than 3.1 million cannabis items in April. With a state population of roughly 12.7 million, that means Illinois has fewer than one adult-use dispensary per 100,000 residents. By comparison, Oregon’s more mature adult-use market has roughly 18.3 dispensaries per 100,000 residents. While IDFPR awarded 185 additional adult-use dispensary licenses in a three-part lottery last July and August, the department cannot issue those licenses until the latest lawsuit in a string of legal battles is settled. In the meantime, the 110 active dispensaries banked $1.2 million apiece, on average, last month. The $131.8 million in total sales in April represents a 14.6% increase from the nearly $115 million in sales from last April. April 2022 was the second highest sales month since Illinois launched adult-use sales in January 2020, trailing only December 2021, when retailers recorded $137.9 million in sales. ]]>

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Source : Illinois Adult-Use Cannabis Sales Up 14.6% From Last April

reposted by Cannabis News World

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