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Illinois adult marijuana market flat in May

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According to the latest data from the Illinois Department of Finance and professional supervision, the sales of adult marijuana are basically the same as last month and are expected to reach about $1.5 billion this year, an increase of about 10% over 2021. Out of state residents accounted for nearly one third of sales. Illinois' sales in 2021 were $1.38 billion, while mjbiz Factbook 2022 earlier this year predicted that the state's sales in 2022 would reach $1.9 billion to $2.3 billion. Inflationary pressures may dampen consumer spending in Illinois. In addition, cannabis retailers across the United States are increasingly discounting their products.

Source: mjbizdaily com/