Illinois cannabis sellers sold $140 million worth of weed in July, the highest monthly total so far in 2023.
Local cannabis companies are taking advantage of Lollapalooza with a lot of sales.The majority of the cannabis sales were to state residents, totaling $104.3 million. Out-of-state customers bought $35.6 million worth of product, according to sales figures from the Illinois Department of Financial and Professional Regulation.
July’s total was the second-all-time highest monthly sales in Illinois. State retailers sold $143.9 million in December 2022. Sales totaled $1.5 billion for all of 2022. Information from Headset, a company that tracks point-of-sale figures from cannabis dispensaries, shows the average price per item in Illinois is 89% higher than in the rest of the U.S.
With such a limited selection, the report states it is "no surprise," sales are highly concentrated within a few brands. About 68% of sales in Illinois come from the market’s top 10 brands, Headset found.
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