Illinois

Tue
04
Aug

Illinois Marijuana Sales Break Another Record, With $61 Million Sold In July

While many businesses have been struggling to survive during the pandemic, Illinois pot dispensaries have continued to thrive, setting another sales record in July.

The $61 million in recreational marijuana sales last month represented a 28% increase over June, when Illinois had $47.6 million in sales, according to the Illinois Department of Professional and Financial Regulation. Those figures do not include medical marijuana sales.

Sales of recreational pot have increased each month since February, which saw a slight drop in sales from January, the first month of legal weed in Illinois.

Tue
28
Jul

Cannabis-Adjacent Illinois Businesses See Uptick in Demand

With the legalization of the recreational cannabis industry in Illinois, the cannabis accessory industry has seen an uptick in Carbondale.

The Legal Smile CBD wellness and head shop opened on the south end of Carbondale in May 2019. Shop owner Jacob Buckman said, as to be expected, his business has seen an uptick since recreational cannabis became legal Jan. 1. But he said he’s also been able to expand.

Next door to his pipe shop is Soil Grown, a cannabis and CBD grow store. They offer everything from soil blends, to pots, to lights, to nutrients for those medical cannabis patients who are now legally allowed to grow — recreational users are not permitted to grow for personal use under the law.

Thu
16
Jul

Illinois pulls in $52 million in first 6 months of marijuana legalization

The legalization of marijuana in Illinois brought in $52 million during the first six months of 2020, the governor's office said Tuesday. 

Illinois Gov. JB Pritzker said the $52 million makes up the industry’s tax revenue for the first half of the year, and he promised to reinvest that money in local communities. 

“Illinois has done more to put justice and equity at the forefront of this industry than any other state in the nation, and we're ensuring that communities that have been hurt by the war on drugs have the opportunity to participate,” Pritzker said.

The sale and usage of marijuana in Illinois was legalized effective Jan. 1, though both remain heavily regulated. 

Wed
15
Jul

High Times hosting Cannabis Cup in Illinois this summer — and you can be a judge

Homegrown Kush connoisseurs are being tapped to test an array of primo pot products as Illinois prepares to play host to a socially distanced version of the vaunted High Times Cannabis Cup later this summer.

High Times hosted the first Cannabis Cup in Amsterdam in 1988 and the event has since became a staple of stoner culture, with cannabis icons like Snoop Dogg and Wiz Khalifa performing and serving as testers at recent incarnations of the bacchanal.

In the wake of the COVID-19 outbreak, and the restrictions on large gatherings that followed, the pot-centric publication launched virtual versions of the event in other states this spring.

Mon
13
Jul

Illinois adult-use cannabis market continues to be hampered by supply issues

Six months in, the supply concerns continue for adult-use cannabis sales at Nature’s Treatment of Illinois in Milan.

While some of it is an understandable growing pain of a state wading into recreational sales, Matt Stern, CEO and NTI’s owner, continues to point to the way the state set up its industry.

Major cannabis companies such as Green Thumb Industries, with a cultivation center in Rock Island, are what’s known as multi-state operators, or vertically-integrated businesses that grow cannabis and own retail dispensaries to sell it.

So an independent dispensary like Nature’s Treatment of Illinois, with its original Milan location and its second location in Galesburg, is at the mercy of cultivators.

Thu
09
Jul

Illinois Recreational Dispensaries Sell Record $47.6 Million of Cannabis in June

Sales of adult-use cannabis in Illinois hit a new record high last month, as recreational marijuana dispensaries sold more than $47.6 million worth of legal products — a 7.5% uptick versus the

Wed
08
Jul

Illinois and Maryland Achieve Record Cannabis Sales in May

A Detailed Look at Cannabis Sales in Illinois, Maryland and Massachussetts

We are pleased to share with our readers overviews on three Eastern cannabis markets compiled by BDSA for the month of April. BDSA offers a full understanding of the evolving cannabis market though several offerings, including its GreenEdge Retail Sales Tracking, Consumer Insights, Industry Intelligence and CBD Market Monitor divisions.

Mon
06
Jul

Cities in Illinois Can Now Collect More Taxes On Marijuana Purchases

Municipalities in Illinois that have cannabis dispensaries will start seeing more money from recreational marijuana purchases. 

Cities, counties and villages that passed an individual 3% cannabis tax could start collecting it as of July 1. In the Metro East, that means more revenue for St. Clair County, Collinsville and Sauget, areas that passed a tax levy and where the region’s two current dispensaries operate.

Madison County won't collect an additional tax because county board members voted against allowing cannabis sales in unincorporated parts of the county last year.

Wed
24
Jun

Cannabis Market in Illinois Grows, Challenges Remain

The cannabis market in Illinois has shown tremendous potential. The state legalized recreational cannabis in January. In the first two months, there was a surge in sales. However, the COVID-19 pandemic hit. Luckily, Illinois deemed cannabis as an essential item amid the pandemic, which didn’t hamper sales. The state recorded drastic sales in April and May. However, there are still some challenges for the cannabis market in Illinois.

Thu
18
Jun

The Hopes of Illinois’ Social Equity Applicants

In this day and time, it is almost impossible to turn on the TV and not find a show or news conference or even live footage of an ongoing protest over

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