Illinois is the fifth-largest cannabis market in the United States, and its adult-use cannabis sales have been steadily increasing. The State of Illinois has seen $127,883,082 in cannabis sales in July alone, a 36 percent increase over the previous month. The previous record of $111 million was set last July when Illinois cannabis sales totaled $98 million. The state approves most forms of cannabis for medical use, but its adult use program has been limited to a limited number of medical marijuana facilities.
Today, the cannabis community is reporting that the Illinois Department of Revenue has announced that sales of cannabis for adults over 21 totaled nearly $126 million in July. That’s a huge increase over the $34 million the state made in June. This is the first month that sales have been tallied after the new law went into effect.
Adult-use cannabis sales in Illinois set a new high in July, totaling $127.8 million, up $12.3 million over June’s total of $115.5 million.
According to the Illinois Department of Financial and Professional Regulation’s monthly report, in-state residents accounted for $85.4 million of those sales, while out-of-state residents accounted for $42.3 million.
Out-of-state sales reached a new high in July, with over $36.3 million in purchases from out-of-state residents, a $10 million increase from the previous month.
Summer tourism and Lollapalooza, the state’s annual four-day musical event hosted in Grant Park, may have contributed to the record-high number of purchases from out-of-state residents.
Lollapalooza began 30 years ago in 1991 and came to Illinois in 2005, according to the Quad-City Times. Since then, the music festival has annually attracted hundreds of thousands of visitors, bringing millions of dollars into the state’s economy.
According to the Quad-City Times, Jane, an e-commerce cannabis platform, experienced a 6 percent increase in recreational cannabis sales during Lollapalooza weekend compared to the four weekends before. Jane also said that pre-rolls had the greatest sales increase, up 27.5 percent, despite the fact that smoking is banned in Grant Park.
Illinois generated over $669 million in recreational cannabis sales last year, and only seven months into 2021, the state has already exceeded that number, earning over $753 million in adult-use sales.
The state is expanding its cannabis program, and it’s now granting 185 cannabis dispensary licenses in three lotteries during July and August, the first of which was held on July 29, according to Cannabis Business Times.
Furthermore, according to Cannabis Business Times, the state’s department of agriculture recently “granted 69 adult-use cannabis licenses, including 32 craft grow licenses, 28 infuser licenses, and 9 transporter licenses.”
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