Illinois adult-use cannabis sales reached $120.75 million in November, down 2.1% from October, which had one more day, and up 61% from a year ago:
So far in 2021, adult-use sales of $1.24 billion have increased 113% over the same period a year ago. Sales to non-residents have been an increasing percentage of overall sales, reaching a record 34.2% in October, but November saw the percentage dip to 32.3% as non-resident sales fell 7% from October:
The state separately releases sales from its medical program. In October, medical sales totaled $31.9 million, down 4% from the prior year.
Taking into account both medical and adult-use sales, total cannabis sales in October grew 43% to $155.3 million.
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