According to new data published this week by the Illinois Department of Financial and Professional Regulation, the state’s legal cannabis retailers sold $141,752,141.71 worth of cannabis products in June 2024. The total sales for June was down compared to May when the state’s legal industry sold over $146 million worth of cannabis products.
Once again, purchases made by out-of-state residents made up a significant share of overall sales, with out-of-state residents purchasing $32,615,948.89 worth of cannabis products from licensed Illinois retailers in June (roughly 23% of total June sales).
Below is historical Illinois legal cannabis sales data from the Illinois Department of Financial and Professional Regulation:
Illinois became the 11th state to adopt a statewide adult-use cannabis legalization measure on June 25, 2019 when Illinois Governor JB Pritzker signed House Bill 1438. The legislation provided for the eventual legal sales of adult-use cannabis products through licensed dispensaries.
On January 1, 2020, the first legal adult-use cannabis purchase was made in Illinois, and since that time the state’s legal cannabis industry has made a considerable amount of sales and generated a significant amount of tax revenue.
Illinois taxes adult-use cannabis products based on their THC content, with higher THC percentages corresponding to higher taxes, up to 25%. Cannabis products can also be subject to state (6.25%), county (1.75%), city (1.25%) and special (1%) taxes.