Cannabis Sales Surpass $1B In Illinois
Marijuana Stocks, Finance, & InvestingUncategorized January 9, 2021 MJ Shareholders
Combined adult-use and medical cannabis sales topped $1 billion in Illinois, with recreational sales nearing $670 million and medical sales reaching $331 million. Adult-use sales launched in the state on Jan. 1, 2020.
December 2020 recreational cannabis sales were the highest recorded in the state all year – $86.86 million in all. The previous record was October’s$75.3 million.
In all, Illinois residents bought the bulk of cannabis in the state throughout the year – $496.4 million – compared to $172.6 million in purchases from out-of-state resident sales. There are currently 82 dispensaries licensed to sell cannabis to adults in the state. The average price per ounce in the state was $352, according to priceofweed.com.
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