Illinois retailers offered $140 million value of leisure marijuana merchandise in July—the strongest gross sales of the 12 months and second highest month-to-month complete for the state for the reason that adult-use market launched in 2020.
The state Division of Monetary and Skilled Regulation (DFPR) launched the gross sales figures on Thursday, exhibiting that folks bought 3,580,946 adult-use hashish merchandise final month for a complete of $140,048,722.
The majority of the gross sales got here from in-state residents ($104,256,118), with out-of-state guests accounting for $35,792,604 in leisure marijuana purchases. Medical hashish gross sales are reported individually by a special Illinois state company.
Based on a latest fiscal evaluation, a very good chunk of these customer hashish {dollars} probably got here from Wisconsin, which formally turned an island of prohibition within the area this week after Minnesota’s legalization legislation went into impact.
The one month that Illinois noticed increased gross sales since opening its market was December 2022, when $143,899,826 value of hashish was offered. For all of 2022, the state’s marijuana gross sales reached a document excessive of greater than $1.5 billion.
Gov. J.B. Pritzker (D) has additionally taken steps to additional help the state’s marijuana business, together with by signing a funds invoice in June that features provisions to permit licensed hashish companies to take state tax deductions that they’re at the moment prohibited from using on the federal stage attributable to an Inner Income Service (IRS) code generally known as 280E.
The governor additionally mentioned in February that the state’s marijuana legalization legislation has created greater than 30,000 jobs since launching in 2020.
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With respect to sales, Illinois is one in every of a number of states that’s experiencing a surge of marijuana purchases this summer time.
For instance, Maryland authorized marijuana gross sales reached a document excessive of $87.4 million in July, the primary month for the reason that leisure market launched, state information exhibits.
Missouri has been promoting about $4 million value of marijuana per day on common for the reason that state’s adult-use market opened up in February—and the state noticed a document $121.2 million in hashish purchases in June.
Michigan marijuana gross sales reached a document of practically $261 million in June, state information exhibits.
Massachusetts marijuana gross sales reached practically $152 million in June—a document month-to-month excessive for the reason that state’s adult-use market launched in November 2018.
Connecticut additionally noticed document excessive marijuana gross sales in June, at $24 million for the sixth months for the reason that opening of the state’s leisure business.
The put up Illinois Units 2023 Marijuana Gross sales File With $140 Million In Leisure Purchases In July appeared first on Marijuana Second.