Illinois Posts Strongest Cannabis Sales of 2023 in July

ILLINOIS – Illinois recreational cannabis sales soared to $140 million in July, marking the highest monthly revenue of the year and the second-highest since the state’s adult-use market commenced in 2020, according to Marijuana Moment.

The Department of Financial and Professional Regulation (DFPR) disclosed the figures, revealing that consumers bought 3,580,946 adult-use cannabis items, generating the total sales figure. In-state residents contributed significantly, accounting for $104,256,118 in sales, while out-of-state visitors contributed $35,792,604 to the cannabis purchases.

Illinois experienced its highest sales month in December 2022, reaching $143,899,826. Wisconsin’s proximity and its recent status as a prohibition state might have driven a portion of the out-of-state cannabis spending.

Governor J.B. Pritzker has supported the industry’s growth, with measures such as allowing state tax deductions for licensed cannabis businesses through a June budget bill and acknowledging over 30,000 jobs created since the market’s inception in 2020.

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