Illinois adult-use cannabis sales reached $121.9 million in August, down 4.6% from a record $128.8 million in July and up 91% from a year ago:
So far in 2021, adult-use sales of $875 million have increased 140% over the same period a year ago. Sales to non-residents continue to represent an increasing percentage of overall sales, reaching 33%, similar to last month and the highest level since the program launched:
The state has been separately providing monthly updates regarding medical cannabis sales, but there has been no update since the June sales.
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