Statewide cannabis sales in Illinois totaled more than $39 million in January. Statewide cannabis sales in Illinois totaled more than $39 million in January.

CHICAGO—The Illinois Department of Financial and Professional Regulation reported on Wednesday preliminary numbers indicate statewide adult-use cannabis sales in February totaled $34,805,072.01.

Dispensaries across the state sold 831,600 items over the 29-day period. Sales to Illinois residents totaled $25,615,371, while sales to out-of-state residents totaled $9,189,701.01. Those figures do not include taxes collected.

The February sales totals compared to $39,247,840.83 in statewide adult-use cannabis sales in January. Dispensaries across the state sold 972,045 items over the 31-day period. Sales to Illinois residents totaled $30,611,632.22, while sales to out-of-state residents totaled $8,636,208.61.

Commenting on the February cannabis sales data, Toi Hutchinson, senior advisor for cannabis control to Illinois Gov. JB Pritzker, says, "These numbers show there continues to be a strong demand across the state as the most equity-centric cannabis program in the country moves forward in Illinois. As the adult use cannabis industry continues to grow, so will the number of opportunities for consumers and entrepreneurs alike—especially those from communities who suffered the most during the failed war on drugs."

A portion of every cannabis sale will be reinvested in communities harmed most by the failed war on drugs, state officials note.

The Illinois Department of Agriculture is currently accepting applications for cannabis infuser, craft grower and transporter licenses. All applications must be submitted by 5 p.m. CST on Monday, March 16, 2020. The applications are available on the department's website.

Social equity applicants will receive additional points on their application and are eligible to receive technical assistance, grants, low-interest loans and fee reductions and waivers.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.