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Home»Business & Industry»Illinois Sold More Recreational Marijuana Products In September Than During Any Other Month Since Legalization
Business & Industry

Illinois Sold More Recreational Marijuana Products In September Than During Any Other Month Since Legalization

October 5, 2023Updated:December 6, 2024No Comments3 Mins Read
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Illinois marijuana retailers bought almost 3.7 million adult-use hashish merchandise in September, based on newly posted state gross sales information. That’s extra merchandise than throughout some other month since leisure gross sales launched in January 2020.

The cash shoppers spent on these merchandise, in the meantime—$139.5 million—marked the third-highest month-to-month gross sales quantity since authorized markets opened, based on the info posted on Monday by the Illinois Division of Monetary and Skilled Regulation (IDFPR). That sum features a document month-to-month excessive $105.1 million value of merchandise to in-state residents.

Guests from out of state, in the meantime, accounted for a couple of quarter (24.7 p.c) of purchases, or about $34.5 million.

Month-to-month medical marijuana gross sales, that are recorded by a separate system in Illinois, totaled $26.5 million in August, the newest interval for which data is out there. That contains $12.6 million in dry flower gross sales and $13.9 million in concentrates and infused merchandise. Of 138,408 lively medical cardholders in August, licensed dispensaries served 64,126 distinctive patrons, or about 46 p.c.

Whereas information point out that Illinois shoppers are paying significantly greater than hashish purchasers in lots of different authorized states, Gov. J.B. Pritzker (D) just lately downplayed the steep costs, noting the trade’s regular progress and appreciable gross sales to out-of-state residents.

Illinois’s sturdy adult-use gross sales numbers come as a number of states have seen record-breaking surges in marijuana gross sales in current months.

In New Mexico, for instance, month-to-month gross sales in September narrowly missed a month-to-month gross sales document set in August because the state crossed the half-billion-dollar mark in whole adult-use gross sales.

August was additionally a record-setting month in Rhode Island, which bought its highest quantity of hashish for the fourth consecutive month, notching $9.7 in month-to-month receipts.

Purchases of adult-use hashish in August additionally broke a document ($23.7 million) in Montana, state officers reported, though medical marijuana gross sales had been at their lowest ($5.0 million) since leisure markets opened early final 12 months.

Connecticut additionally broke one other marijuana gross sales document in August, with $25 million value of medical and adult-use hashish purchases, state information present.

In Maine, too, marijuana gross sales reached a document excessive in August, with almost $22 million value of purchases, based on current information from the state Workplace of Hashish Coverage (OCP).

In Maryland, officers just lately introduced that the the state broke anther marijuana gross sales document in August, with almost $92 million value of hashish merchandise bought through the state’s second month of authorized adult-use gross sales.

Early final month, Massachusetts officers reported that retailers have now bought greater than $5 billion in adult-use marijuana because the state’s leisure market launched 5 years in the past. Gross sales reached $139.3 million in August alone, with the year-to-date whole at $1.05 billion throughout the first eight months of 2023.

Illinois retailers bought $140 million value of leisure marijuana merchandise in July—the strongest gross sales of the 12 months and second highest month-to-month whole for the state because the adult-use market launched in 2020.

Michigan marijuana gross sales additionally reached one other document excessive in July, with almost $277 million value of hashish bought.

In Missouri, in the meantime, retailers have been promoting about $4 million value of marijuana per day on common because the state’s adult-use market opened up in February—and the state noticed a document $121.2 million in hashish purchases in June.

Picture courtesy of Mike Latimer.

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