Illinois Cannabis Sales Stall in May

Illinois adult-use cannabis sales in May were up a bit sequentially to $100.0 million, but this gain of 0.6% was less than the expansion of the number of days by 3.3%. The gain was 2.3% from a year ago:

After increasing 106% in 2021 and then 13% in 2022, year-to-date adult-use sales are up 3.9% in the first five months to $648.0 million.

During May, sales to non-residents were similar to April’s level at 24.7%:

The state separately releases sales from its medical program, and the release for May was also published today. Sales fell 2.0% sequentially to $27.5 million, which was down 9% from a year ago:

For May, combined adult-use and medical sales totaled $160.2 million, which wasup 0.1% sequentially and 0.2% from a year ago:

Total sales of $786.8 million are up 1% 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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