Illinois Cannabis Sales Slip In October

Illinois adult-use cannabis sales in October were down slightly sequentially to $138.8 million, a decrease of 0.6% from September despite the extra day. The gain was 5.5% from a year ago:

After increasing 106% in 2021 and then 13% in 2022, year-to-date adult-use sales are up 5.0% in the first 9 months to $1.34 billion. During October, sales to non-residents were down from September’s  level of 24.7% to 24.3%, the lowest in a few years:

The state separately releases sales from its medical program, and the release for October was published today. Sales rose 0.9% sequentially to $26.2 million, which was down 7.9% from a year ago:

For October, combined adult-use and medical sales totaled $165.0 million, which was down 0.3% sequentially and up 3.1% from a year ago:

Total sales of $1.45 billion are up 3% year-to-date.


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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