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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

What's Going On With Cannabis Pricing In Illinois? Analyst Examines Retailers' Menus

Illinois is one of the most prominent cannabis markets in the U.S. In 2022, recreational marijuana sales crossed the $1 billion mark. In fact, since cannabis was legalized in 2020, retail shops have sold more than $3 billion in cannabis. However, in August, sales dropped and in September, sales grew only 1.0% sequentially.

YoY growth (7.4%), was higher than the 6.2% rate in August. According to the Illinois Department of Public Health (IDPH) “September continued the trend of consistent monthly 2022 medical cannabis sales between $27 million to $31 million. September medical sales totals again landed on the lower end at $28,055,726.06 and were the lowest monthly totals in 2022,” reported local media.

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