Illinois’ Cannabis Sales Surpass $1B By July, Setting New Record
Illinois’ retail cannabis market reached a major milestone earlier than anticipated, with sales surpassing $1 billion by July, as announced by Governor JB Pritzker‘s office. This early achievement includes over $850 million in adult-use cannabis sales and nearly $150 million in medical marijuana sales. This year’s sales milestone comes ahead of last year’s mark on July 10.
Record-Breaking Sales and Growing Market
In the fiscal year ending June 30, 2024, Illinois’ total cannabis sales exceeded $2 billion, up from $1.9 billion in 2023 and $1.8 billion in 2022. This growth reflects the expanding cannabis market in the state, driven by both local and out-of-state consumers. According to data from the Cannabis Regulation Oversight Office, in-state consumers accounted for 81% of purchases, with out-of-state buyers making up the remaining 19%.
Popular Cannabis Products and Business Growth
Cannabis flower remains the most popular product category, representing 49% of sales, followed by vapes at 32% and edibles at 22%. The increase …