Illinois Cannabis Sales Increase 91% to $147 Million in June

Illinois total cannabis sales reached $147.4 million in June, down 2.1% from May, which had an extra day, and up 90.6% from a year ago :

Adult-use sales, according to the state, totaled $115.6 million, up 143% from a year ago and down 0.7% from May:

So far in 2021, adult-use sales of $626 million have increased 162% compared to 2020. Out-of-state purchases represented 31% of adult-use sales during the month,  down slightly from May and up from 30% in April and March and from 28% in February. Medical cannabis fell 7% sequentially to $31.8 million, up 7% from a year ago.

According to the state, dry flower accounted for 46% of total sales to 67,625 patients, with concentrates/infused-products at 54%. The number of patients making purchases fell 2.4% from May.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
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

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