Illinois released sales figures for adult-use cannabis in May today, which is a bit earlier than they did for April. The state’s adult-use cannabis sales were up 2.1% sequentially to $149.8 million, a decrease on a per-day basis of 1.2%. The year-over-year growth was 2.4%, worse than the gain in January but better than the declines in February and March and the gain in April:
Units sold increased by 9.0% from a year ago, suggesting lower prices or substitution of lower-priced products by consumers. Units sold fell 0.7% sequentially despite there being one more day.
After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales were up 5.4% in 2024 to $1.72 billion. So far in 2025, they are up just 0.8%. During May, sales to non-residents were 20.9%:
The state separately releases sales from its medical program, and the release for April showed that sales fell 1.6% sequentially to $19.7 million, which was down 13.2% from a year ago. They have not yet released the May data, which is very odd for the state.
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
