Illinois Cannabis Sales Decrease Slightly in November

Illinois adult-use cannabis sales of $130.5 million in November, with one less day than October, decreased 0.8% sequentially and increased 8.1% from a year ago:

2021 adult-use sales of $1.38 billion increased 106% from 2020 in Illinois, and year-to-date sales of $1.41 billion have increased 13.5% so far in 2022. During November, sales to non-residents decreased from 30.9% in October to 30.1% of total sales:

The state separately releases sales from its medical program, which showed that they were down 1.0% sequentially in November at $28.2 million. This was down 10.5% from a year ago:

Total cannabis sales were $158.7 million, which was down 0.8% sequentially and up 4.2% from a year ago, the fastest since June.

For the first 11 months of the year, total sales have been $1.73 billion. This is up 8% from the first 11 months of 2021. In 2021, combined cannabis sales grew 72% for the full year.

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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