Illinois released sales figures for adult-use cannabis in January today, a bit later than normal. They were down 8.5% sequentially to $140.2 million. The year-over-year growth was 4.8%, better than the decline in December:
Units sold increased by 11.5% from a year ago, suggesting lower prices or substitution of lower-priced products by consumers. Units sold fell 12.3% sequentially.
After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales were up 5.4% in 2024 to $1.72 billion. During December, sales to non-residents were 20.5%:
The state separately releases sales from its medical program, and the release for January showed that sales fell 8.6% sequentially to $21.5 million, which was down 11.8% from a year ago:
For January, combined adult-use and medical sales were $161.7 million, decreasing 8.5% sequentially and up 2.2% from a year ago.:
Total sales of $2.01 billion in 2024 were up 2% from 2023.
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
Get Our Sunday Newsletter
In This Article:
4Front, aawh, ascend wellness, ayr wellness, AYRWF, Cannabist, cbst, cbstf, cl, Cresco Labs, CRLBF, cura, Curaleaf, curlf, ffnt, ffntf, Green Thumb Industries, gtbif, gtii, Illinois, jush, jushf, jushi, marimed, mrmd, Planet 13, plnh, PLTH, verano, VRNO, vrnof
Related News:
Big Cannabis Companies Are Set to Report Q4 Financials
Too Much Love for This MSO
Michigan Cannabis Sales Begin 2025 Badly
Cannabis Sales Begin 2025 Shrinking Sequentially
