US (IL): Regulator says cannabis industry is recession-proof

The cannabis industry is “recession-proof” and “pandemic-proof,” the top cannabis regulator in Illinois said in a recent interview.

Toi Hutchinson, the state’s cannabis 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.”


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