State’s new industry generated nearly $40 million in sales in first 31 days
information provided by the Illinois Department of Financial and Professional Regulation
CHICAGO, Ill. (February 7, 2020) – The Illinois Department of Financial and Professional Regulation has announced that statewide adult-use cannabis sales in January totaled $39,247,840.83. Dispensaries across the state sold 972,045 items over the 31-day period.
Sales to Illinois residents totaled $30,611,632.22, while sales to out-of-state residents totaled $8,636,208.61. A portion of every cannabis sale will be reinvested in communities harmed most by the failed war on drugs.
“The successful launch of the Illinois legal cannabis industry represents new opportunities for entrepreneurs and the very communities that have historically been harmed by the failed war on drugs,” said Toi Hutchinson, Senior Advisor for Cannabis Control to Gov. Pritzker. “The administration is dedicated to providing multiple points of entry into this new industry, from dispensary owners to transporters, to ensure legalization is equitable and accessible for all Illinoisans.”
Last month, the Illinois Department of Agriculture (IDOA) released applications for cannabis infuser, craft grower, and transporter licenses. The applications are available on the Department’s website. IDOA will begin accepting completed applications on Friday, February 14, and all cannabis infuser, transporter, and craft grower applications must be submitted by 5 p.m. CST on Monday, March 16, 2020.
Social equity applicants will receive additional points on their application and are eligible to receive technical assistance, grants, low-interest loans, and fee reductions and waivers. In the coming weeks, IDOA will be partnering with the Department of Commerce and Economic Opportunity to provide information workshops across the state to answer questions and assist interested applicants. Additional information about the timing and location of workshops will be available in the coming days.
