Illinois recreational cannabis sales hit a 2023 high in July
While in-state Illinois cannabis sales are up 12.7% through July, out-of-state sales are down 14.4%, according to state data.
“Sales in Illinois will also likely be negatively influenced by the recent legalization in Missouri, a border state,” the report said. “Headset has done analysis in the past showing that border towns see a lot of cannabis sales to out-of-state customers.”
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Illinois Recreational Cannabis Sales Reach Highest Level Since 2023Recreational cannabis sales in Illinois have reached a new high in July, generating $924 million in sales so far this year. This marks a 4.3% increase compared to the same period last year. However, the growth rate has been slowing down. In 2022, sales reached $1.55 billion, showing a 12.6% annual increase. While in-state sales have increased by 12.7% through July, out-of-state sales have decreased by 14.4%. One possible reason for this decline is the launch of recreational marijuana sales in Missouri in February, according to a report by cannabis research firm Headset.
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