Illinois Sees Continued Growth In Cannabis Sales In 2024: What’s Next?
As Illinois’ cannabis market continues to grow, anticipation builds for the upcoming Benzinga Cannabis Capital Conference, set to take place in Chicago this fall. This premier event, renowned for bringing together industry leaders and investors, will highlight recent sales trends and future opportunities within the state. Let’s explore how Illinois’ market is shaping ahead of this major gathering.
Modest Gains In Adult-Use Cannabis Sales
In May, Illinois reported a 1.2% increase in adult-use cannabis sales from April, reaching $146.2 million. The Illinois Department of Financial and Professional Regulation (IDFPR) provided this data, indicating a 10.1% rise compared to May of the previous year.
For 2024, cumulative adult-use cannabis sales in Illinois have hit $709 million, reflecting a 9.4% increase year-to-date. This growth trend follows annual increases of 106% …