The Illinois Department of Financial and Professional Regulation released net cannabis revenue from adult-use sales for December today, with monthly sales reaching $86.86 million, up 15% from November:
For the first full year of the state’s program, sales totaled $669 million. 26% of sales were to customers visiting from out of state. For Q4, adult-use sales improved by 23% over Q3. Medical cannabis sales are reported separately and haven’t been updated yet for December. Through November, the year-to-date sales were $331 million, which assures that the state’s total cannabis sales for 2020 will exceed $1 billion.
Several large cannabis companies are serving the Illinois market, including Cresco Labs (CSE: CL) (OTC: CRLBF), which has three cultivation facilities, Curaleaf Holdings (CSE: CURA) (OTC: CURLF), Green Thumb Industries (CSE: GTII) (OTC: GTBIF), which has two cultivation facilities, Jushi Holdings (CSE: JUSH) (OTC: JUSHF) and privately held Verano Holdings.