Illinois Cannabis Sales Increase 94% in January

Illinois overall cannabis sales amounted to $121.5 million in January, flat from December and up 94% from a year earlier, when the state included adult-use sales:

Adult-use sales, according to the state, amounted to $88.8 million, up 126% from a year earlier and 2% from December:

Out-of-state purchases represented 28% of adult-use sales. Medical cannabis sales fell 5% sequentially to $32.7 million, up 40% from a year earlier.

According to the state, dry flower represented 47% of overall sales to 65,448 clients.

Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as creator of online neighborhoods 420 Financier, the very first and still biggest due diligence platform concentrated on the publicly-traded stocks in the cannabis market. With his substantial network in the cannabis neighborhood, Alan continues to discover brand-new methods to link the market and facilitate its sustainable development. At New Cannabis Ventures, he is accountable for content advancement and tactical alliances. Prior to moving his focus to the cannabis market in early 2013, Alan, who started his profession on Wall Street in 1986, worked as an independent research study expert following over 20 years in research study and portfolio management. A respected author, with over 650 posts released considering that 2007 at Looking for Alpha, where he has 70,000 fans, Alan is a regular speaker at market conferences and a regular source to the media, consisting of the NY Times, the Wall Street Journal, Fox Organization, and Bloomberg TELEVISION. Contact Alan: Twitter|Facebook|LinkedIn|Email

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