There was $140 million worth of marijuana sold legally in Illinois in the month of July.
This marks the highest sales month for the year, and the second highest since the start of legal sales in 2020.
According to the Department of Financial and Professional Regulation licensed marijuana stores sold $140,048,722 worth of marijuana in July. This includes dried marijuana flower as well as marijuana-infused products such as edibles and concentrates. This is a roughly $4 million increase from June.
There was 3,580,946 different marijuana products purchased in July alone.
Of the $140 million sold, $104 million was purchased by those living in Illinois, with $36 million being purchased from those visiting from another state.
In Illinois marijuana was legalized for those 21 and older in 2019, with the first marijuana store opening the following year. The possession limit for residents is 30 grams of cannabis flower, five grams of cannabis concentrate and no more than 500 milligrams of THC contained in a cannabis-infused product. The possession limit for non-Illinois residents is 15 grams of cannabis flower, 2.5 grams of cannabis no more than 250 milligrams of THC contained in a cannabis-infused products.
In 2022 there was $1,552,324,820 in marijuana and marijuana products legally sold in Illinois, a 12% increase from 2021 and a 131% increase from 2020.
In June Governor J. B. Pritzker signed into law legislation that allows marijuana businesses that are legal under state law to take standard state-level tax deductions.
According to a recent report, Illinois has the third largest cannabis market in the country, but it also has some of the highest prices.