In the Land of Lincoln, marijuana gross sales proceed to impress, with June representing a file month for leisure pot in Illinois.

According to figures launched by the state’s Department of Financial and Professional Regulation and reported on by the Daily Herald, a suburban Chicago newspaper, dispensaries in Illinois offered greater than $47.6 million in hashish merchandise final month. The paper stated that “994,545 items were sold, averaging almost $48 per purchase, not including taxes,” and that $35.2 million of the gross sales had been generated by Illinois residents, whereas $12.four million got here from purchases made by people who reside out of the state.

Breaking data has turn out to be a month-to-month ritual for Illinois’ nascent leisure marijuana trade. In May, the state set a file with $44.three million in grownup use pot gross sales. The state set a excessive bar from the leap. In January, when the brand new regulation took impact, leisure weed gross sales in Illinois almost hit $40 million. On New Year’s Day alone, when hordes of individuals lined exterior the state’s dispensaries for an historic toke, gross sales eclipsed $three million. By the top of February, two months into the brand new coverage, the state’s leisure marijuana market had hit $74 million.

 “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,” stated Toi Hutchinson, Gov. J.B. Pritzker’s senior advisor for hashish management. “The administration is dedicated to providing multiple points of entry into this new industry, from dispensary owners to transporters, to ensure legalization is equitable and accessible for all Illinoisans.”

With June’s numbers added, “dispensaries have sold $239.1 million in marijuana products,” in accordance with the Daily Herald, which additionally famous that, by way of May, Illinois’ tax collections from marijuana totaled $52.7 million. “That’s well above the $28 million estimated in this year’s budget, which ended June 30,” the paper stated, including that tax income from the June figures must be made obtainable this month by the Department of Revenue.

COVID-19 and a New Cannabis Market

Both leisure and medical marijuana dispensaries within the state benefitted from Pritzker’s resolution to deem them as important companies on the outset of the COVID-19 pandemic. The pandemic did, nonetheless, delay the awarding licenses of 75 new leisure marijuana dispensaries in April. Hutchinson stated on the time that Pritzker’s administration “remains committed to creating a legal cannabis industry that reflects the diversity of Illinois residents.”

“We recognize that countless entrepreneurs were looking forward to May 1 and the next step it represented for Illinois’ adult use cannabis industry,” Hutchinson stated. “However, the ongoing COVID-19 pandemic has caused delays in the application review process. This executive order will help ensure that we continue to build out this industry in a deliberate and equity-centric manner.”

In addition to legalization, Pritzker on New Year’s Eve issued greater than 11,000 pardons for low-level marijuana convictions. 

“We are ending the 50-year-long war on cannabis,” Pritzker stated on the time. “We are restoring rights to tens of thousands of Illinoisans. We are bringing regulation and safety to a previously unsafe and illegal market. And we are creating a new industry that puts equity at its very core.”

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