Illinois adult-use cannabis sales of $126.8 million decreased 2.3% sequentially in June. Compared to a year ago, growth decreased from 11.5% in May to 9.7%:
2021 adult-use sales of $1.38 billion increased 106% over 2020, and year-to-date sales of $750.6 million have increased 20.0% so far in 2022. During June, sales to non-residents were flat at 31.6% of total sales:
The state separately releases sales from its medical program, which showed that they fell 5.6% sequentially in June to $28.45 million. This was down 10% from a year ago:
Total sales were $155.3 million, which was down about 3% sequentially and up 5.4% from a year ago.
For the first half of the year, total sales have been $931 million. This is up 13% from the first half of 2021.
Note: Illinois released medical data on 7/12, and it was on that day that we amended this article.
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