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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.

Cannabutter Digest has everything you need to stay up to date on the latest trends. From exciting new product reviews, to delicious recipes, we have all the cannabis news you can use!

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