Illinois Cannabis Sales Increase 94% in January

Illinois total cannabis sales totaled $121.5 million in January, flat from December and up 94% from a year ago, when the state added adult-use sales:

Adult-use sales, according to the state, totaled $88.8 million, up 126% from a year ago 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 ago.

According to the state, dry flower accounted for 47% of total sales to 65,448 patients.

Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online communities 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

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