Business
Illinois recreational marijuana sales hit $120.5M in Feb., out-of-state sales shrink
Adult-use marijuana sales in Illinois totaled $120.5 million in February, an increase of 5.7% from February 2022 despite declining sales to out-of-state shoppers.
Illinois’ February recreational cannabis sales total included $30.8 million sold to out-of-state residents, or 25.5% of monthly sales, according to new data published by the Illinois Department of Financial and Professional Regulation (IDFPR).
Sales to out-of-state residents declined by 10.1% from the same month a year before, after neighboring Missouri launched recreational sales in early February.
On a month-over-month basis, sales to out-of-staters declined by 14.8% from January, the IDFPR sales figures show.
Total sales in Illinois in February decreased 5.8% from January’s $127.9 million.
Illinois reported $1.6 billion in adult-use cannabis sales in 2022, including $479.2 million, or 30.9% of sales, to out-of-state residents.
Source: https://mjbizdaily.com/illinois-adult-use-marijuana-sales-hit-120-5-million-in-february/