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Illinois Announces $40M in Cannabis Sales in January

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Illinois’ recreational cannabis sales have been soaring for the first month of sales that began on Jan. 1, with numbers reaching nearly $40 million during the first month alone.

According to an official press release from The Illinois Department of Financial and Professional Regulation, sales during the month of January totaled exactly $39,247,840.83. The report also noted that an estimated 972,045 products were sold during that time frame as well. Additionally, of all this money raised, some profit from the sales will go to folks who were most harmed by the “War on Drugs.”

“The successful launch of the Illinois’ legal cannabis industry represents new opportunities for entrepreneurs and the very communities that have historically been harmed by the failed war on drugs,” said Toi Hutchinson, senior advisor for Cannabis Control to Gov. Pritzker. “The administration is dedicated to providing multiple points of entry into this new industry, from dispensary owners to transporters, to ensure legalization is equitable and accessible for all Illinoisans.”

In addition to the financial support received, social equity applicants will receive additional points on their application and will be able to get help with their cannabis applications, including technical assistance, grants, low-interest loans, fee reductions and waivers. The state will also still be taking applications for the cannabis industry and providing workshops to help interested applicants across the state.

Illinois officials may have taken a while to fully legalize cannabis, but since then, they’ve been making ample progress. Politicians in Chicago, Illinois are thinking of allowing permits for cannabis-selling street vendors. Even during the first few days of sales, the numbers were already rising toward $11 million. Those who fly through Midway Airport in Chicago have found themselves dragging their luggage to local dispensaries such as Midway Dispensary to check out local cannabis products.

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