Grownup-use hashish gross sales in Illinois reached a brand new report final month at practically $138 million — a 14% enhance from November 2021, in keeping with the Division of Monetary and Skilled Regulation outlined by the Chicago Tribune. The earlier report was $128 million set final July, which analysts say was bolstered by the Lollapalooza music competition.
For the 12 months, gross sales within the Land of Lincoln topped $1.38 billion — greater than doubling totals from 2020, the primary 12 months of adult-use hashish gross sales within the state. In 2021, the state’s 110 dispensaries offered greater than 30 million hashish merchandise and practically a 3rd of Illinois’ hashish gross sales had been generated by out-of-state residents, the report says.
The state has not reported medical hashish gross sales for December, however via 11 months of 2021, the sector had generated $362 million.
In 2020, mixed medical and adult-use gross sales in Illinois totaled $1.03 billion, together with $669 in adult-use gross sales and $366 in medical hashish gross sales, the report says.
Final month, Gov. JB Pritzker (D) introduced the state would inject $45 million from cannabis-derived taxes into Restore, Reinvest, and Renew (R3) grants, that are earmarked for communities most impacted by the warfare on medication. This system is funded utilizing 25% of adult-use hashish tax revenues. In July, the state appropriated $31 million in funds collected from the state’s hashish tax for this system.
Final summer season, Illinois held three lotteries and awarded 185 new licenses with a social fairness focus; nonetheless, a Prepare dinner County lawsuit difficult that course of has delayed the rollout of the licensing spherical.
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