Illinois Hits Marijuana Milestone With Record $1.5 Billion In Adult-Use Sales In 2022, Data Shows

Illinois Hits Marijuana Milestone With Record .5 Billion In Adult-Use Sales In 2022, Data Shows
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Illinois marijuana sales reached a record high of more than $1.5 billion in 2022—and this past December marked the strongest sales month to date—officials announced on Friday. The Illinois Department of Financial and Professional Regulation (IDFPR) said that “2022 set adult use cannabis sales records in all categories it tracks.” That includes a yearly adult-use cannabis sales total of $1,552,324,820, which is 12 percent higher than the 2021 total of $1,379,088,278 and 131 percent higher than 2020, which saw $669,084,410 in sales. On a monthly basis, December 2022 set a new record. Adults spent $143,899,826 on 3,446,978 marijuana products that month. The previous record happened in December 2021, with $137,896,859 in sales from 3,180,944 cannabis items. Illinois residents accounted for $95,634,565 in marijuana sales last month, compared to $42,363,394 from out-of-state visitors. Via IDFPR. “When I signed the Cannabis Regulation and Tax Act into law in 2019, we set out on an ambitious goal: to create the most equitable and economically prosperous cannabis industry in the nation,” Gov. J.B. Pritzker (D) said in a press release. “Our data from 2022 shows that we are well on our way towards making that idea a reality.” The new figures don’t include medical cannabis sales, which are tracked separately by a different agency. Officials also touted the fact that Illinois currently has 113 retail dispensaries operating in the state, including three social equity licensees that were approved last year after a protracted effort by the administration to start fulfilling equity goals. “Not only did we break our previous sales record by more than 12 percent with a total of more than $1.5 billion, we also saw the first of our social equity adult use cannabis dispensaries open their doors for business—paving the way for an even stronger 2023,” Pritzker said. IDFPR Secretary Mario Treto…

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Source : Illinois Hits Marijuana Milestone With Record .5 Billion In Adult-Use Sales In 2022, Data Shows

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