Marijuana Sales Are ‘Pandemic-Proof,’ Top Illinois Cannabis Regulator Says

The marijuana industry is “recession-proof” and “pandemic-proof,” the top cannabis regulator in Illinois said in a recent interview. Toi Hutchinson, the state’s marijuana czar, discussed the legal economy during a recent interview with a Canopy Growth executive that was published on Tuesday, emphasizing that Illinois is seeing record cannabis sales month over month despite the coronavirus pandemic. “The biggest surprise I think for people is that we were waiting to see whether cannabis sales would be impacted by COVID. And we’ve proven here in Illinois, even with our small program, that it’s recession-proof and it’s pandemic-proof,” she said. “Our numbers in terms of our sales have been just through the roof.” She said that while they weren’t sure how the program would be received when sales launched in January, “it landed like thunder heard around the world because, even when we were preparing for any anger or any cynicism or any political fights we had to put out, you saw happy people standing in line, giving each other hot chocolate and food trucks pulling up and lines around the block that was sustained through really, really heavy winter Chicago days all the way up and down through the state.” Winter may be over, but that demand has not subsided, regardless of the coronavirus pandemic. In fact, Illinois reported nearly $61 million in adult-use cannabis sales for July—smashing the previous record set in June of nearly $47 million. But while the state is encouraged by the sales and tax revenue, Hutchinson…

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Source : MJ moment
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