Illinois adult-use cannabis sales of $129.4 million decreased 4.6% sequentially in August. Compared to a year ago, growth was the same as the 6.2% rate in July:
2021 adult-use sales of $1.38 billion increased 106% over 2020 in Illinois, and year-to-date sales of $886.26 million have increased 16.0% so far in 2022. During August, sales to non-residents decreased from 32.1% in July to 31.8% of total sales:
The state separately releases sales from its medical program, which showed that they were flat sequentially in August at $28.97 million. This was down 11.2% from a year ago:
Total sales were $158.4 million, which was down 3.8% sequentially and up 2.5% from a year ago.
For the first eight months of the year, total sales have been $1.25 billion. This is up 10% from the first eight months of 2021.
Note: We updated this on September 7th to reflect the medical cannabis information
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email