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CHICAGO (WAND) — On Thursday, the Illinois Department of Financial and Professional Regulation (IDFPR) announced that 2024 marked the fourth consecutive year of record-setting sales.
Illinois dispensaries reported that more than $2 billion of cannabis product was sold in 2024, a 2.5% increase from last year. Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, according to the Illinois Department of Revenue.
“The numbers are clear: five years after we legalized adult use cannabis in Illinois, we’re seeing the economic impact of a thriving cannabis industry,” said Governor JB Pritzker. “With $2 billion in record-setting sales and $490 million generated in tax revenue, our first-in-the-nation equity-focused cannabis industry is the result of my administration’s policies, which prioritized repairing the damage done by the failed War on Drugs, creating more good-paying jobs, and building a safe, equitable, and prosperous business sector—making Illinois by far the national leader in diverse ownership for this industry.”
In total, a record-setting 56,318,082 cannabis items were sold to customers in 2024, which shattered the previous record set in 2023 by more than 13%.
More than $385 million of adult use cannabis product was also purchased by out-of-state residents. IDFPR’s complete adult use cannabis monthly sales tracker may be found online, with additional data available on the Illinois Cannabis Regulation Oversight Office website.
There are currently 244 adult use cannabis dispensaries in Illinois.
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”}]] CHICAGO (WAND) — On Thursday, the Illinois Department of Financial and Professional Regulation (IDFPR) announced that 2024 marked the fourth consecutive year of record-setting sales. Read More
