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Benzinga
Benzinga
Business
Nicolás Jose Rodriguez

SHOCKING: What s going on with cannabis pricing in illinois analyst examines retailers menus - What They Never Told You

Illinois is one of the most prominent cannabis markets in the U.S. In 2022, recreational marijuana sales crossed the $1 billion mark. In fact, since cannabis was legalized in 2020, retail shops have sold more than $3 billion in cannabis. However, in August, sales dropped and in September, sales grew only 1.0% sequentially.

YoY growth (7.4%), was higher than the 6.2% rate in August. According to the Illinois Department of Public Health (IDPH) “September continued the trend of consistent monthly 2022 medical cannabis sales between $27 million to $31 million. September medical sales totals again landed on the lower end at $28,055,726.06 and were the lowest monthly totals in 2022,” reported local media.

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