Report: First month of Illi­nois pot sales net­ted nearly $40M

Antelope Valley Press - - BUSINESS -

CHICAGO (AP) — Illi­nois mar­i­juana dis­pen­saries sold nearly $40 mil­lion worth of recre­ational weed dur­ing the state’s first month of le­gal sales, ac­cord­ing to fig­ures re­leased Mon­day by the state Depart­ment of Fi­nan­cial and Pro­fes­sional Reg­u­la­tion.

Illi­nois res­i­dents bought more than $30.6 mil­lion in Jan­uary, while out-of-state vis­i­tor sales to­taled $8.6 mil­lion, the report shows. Dis­pen­saries sold over 970,000 prod­ucts.

“The suc­cess­ful launch of the Illi­nois’ le­gal cannabis in­dus­try rep­re­sents new op­por­tu­ni­ties for en­trepreneur­s and the very com­mu­ni­ties that have his­tor­i­cally been harmed by the failed war on drugs,” said Toi Hutchinson, Se­nior Ad­vi­sor for Cannabis Con­trol to Gov. Pritzker. The pace of sales slowed con­sid­er­ably from the first days of le­gal­iza­tion. On Jan. 1, op­er­a­tors sold $3.2 mil­lion in pot prod­ucts. By Jan. 5, to­tal sales hit $10.8 mil­lion.

Since then, cus­tomers and dis­pen­saries have com­plained about a dearth of avail­able mar­i­juana prod­ucts. Those prod­ucts are the most pop­u­lar with both med­i­cal and recre­ational users, said some store own­ers, who were law­fully forced to re­serve flower for pa­tients.

How­ever, even those with med­i­cal cards said they are hav­ing trou­ble with get­ting the prod­ucts.


This Jan. 1 file photo shows a dis­play case of cannabis ed­i­bles at the Sun­ny­side mar­i­juana dis­pen­sary in Chicago.

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