After a sharp drop in January, when adult-use sales fell 15% sequentially as they rose 32% from the prior year, Illinois adult-use cannabis sales stabilized in February. Sales of $114 million fell 3% from January, but there were three fewer days during the month. Compared to a year ago, growth accelerated to 41%, noted New Cannabis Ventures.
Adult-use sales of $1.38 billion increased in 2021, 106% over 2020 and year-to-date sales of $231.3 million have increased 36% so far in 2022. Sales to non-residents have also been on the rise, adding to overall sales. In February, out-of-state purchases declined to 30.0% - the lowest since February 2021.
