By 420 Intel on Tuesday, 10 November 2020
Category: Business & Finance

Illinois crosses $100 million threshold in monthly marijuana sales as election victories pave way for more growth

There was no blue wave or red wave during Election Day, but the green wave rolled on for cannabis as voters expanded recreational use to more locations just days after the industry’s most lucrative month yet in Illinois.

Illinois adult-use cannabis dispensaries generated a record $75 million in sales during October, up nearly $8 million from the previous month, according to the state.

The marijuana business crossed the $100 million threshold in total sales for the first time. In addition to recreational sales, medical marijuana topped $33 million during the month, according to the Illinois Department of Financial and Professional Regulation, which licenses marijuana dispensaries in the state.

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