Adult-use cannabis dispensary sales soared to a record high in Illinois last year. Dispensaries statewide, including the Mission Calumet City Cannabis Dispensary by the River Oaks Mall and Windy City Cannabis in Homewood, collectively set records in all categories, including items sold, sales totals by month, and sales to both Illinois and out-of-state residents.
Dispensaries sold $1.55 billion worth of products last year. That's up 12% as compared to 2021 and 131% as compared to 2020, the year cannabis sales for adult use were first legalized in Illinois.
The state now has 113 adult-use cannabis dispensaries, many of which are located in Chicago and the greater Chicagoland area.
"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. Our data from 2022 shows that we are well on our way towards making that idea a reality," Gov. JB Pritzker said. "Not only did we break our previous sales record by more than 12% with a total of more than $1.5 billion, but 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."
Illinois is now reviewing 189 conditional licensees, which can start selling cannabis for adult use when they get their full licenses from the Illinois Department of Financial and Professional Regulation. Another round of applications for licenses will be accepted starting on Jan. 30.
To read the complete article, go to www.nwitimes.com
Announcements
Job Offers
Top 5 -yesterday
- "Portuguese medical cannabis is already a major market for us"
- Cannabis brands and celebrities: "limited impact so far"
- US (CA): Officials take step toward interstate cannabis commerce
- US (MT): Heavy metal testing, too much THC, and the fight over Montana’s budding cannabis industry
- “With outdoor cultivation from seed we can see variation with each cultivar and select the most robust phenotypes for our microclimate"
Top 5 -last week
- Comparing indoor and outdoor grown cannabis: effects on cannabinoid and terpene profiles
- Curaleaf closes operations in California, Colorado, and Oregon
- “There is a lack of standardization, compliance and education in American cannabis facilities”
- Canopy Growth to auction assets from 4 locations
- Bringing international best practices to New Zealand cannabis
Top 5 -last month
- “Cannabis propagators should consider retipping to expand their liner production”
- Comparing indoor and outdoor grown cannabis: effects on cannabinoid and terpene profiles
- Curaleaf closes operations in California, Colorado, and Oregon
- Capacity reached in 3 days: “There is an insane demand for risk-free cannabis clones”
- “There is a lack of standardization, compliance and education in American cannabis facilities”
Illinois cannabis sales climbed to a record high $1.5 billion last year
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-02-01 Annual cannabis industry salary guide released
- 2023-02-01 US (NY): Looking for a job in the cannabis industry? Don't say cannabis
- 2023-01-31 Cannabis industry’s spending on Washington lobbying hits record
- 2023-01-30 USDA issues first National Hemp Report
- 2023-01-30 Transparency for cannabis pilot trials in Switzerland
- 2023-01-30 Growing cannabis for a rapidly growing market: “NZ is expecting patient prescriptions to double this year”
- 2023-01-27 Argentina sets high hopes for cannabis exports with budding new agency
- 2023-01-26 Good Day Farm makes history with first sale of medical cannabis in Mississippi
- 2023-01-24 US (CA): Large scale Humboldt cannabis cultivation business finds court ordered receivership representation
- 2023-01-23 US: As interest grows in cannabis industry, so do education opportunities
- 2023-01-23 Cannabis ready to face 2023 after challenging 2022
- 2023-01-23 US (NV): Contaminated cannabis found in more than 100 dispensaries
- 2023-01-23 Luxembourg: "Adult-use cannabis laws are coming"
- 2023-01-23 Argentina invests $106 million in cannabis research projects
- 2023-01-20 US (IL): From state regulations to finding financing, cannabis craft growers face multiple obstacles
- 2023-01-19 Germany: Expert opinion on cannabis legalization to be given in report
- 2023-01-19 CAN: Illicit market still controls 33% of cannabis market despite legalization
- 2023-01-18 US (CT): MMJ patients seeing product shortage after recreational sales become legal
- 2023-01-18 US (OK): Oklahoma City police searching for suspects in crime spree targeting grow facilities
- 2023-01-16 US (NY): “The demand has already been incredible"
