Tag: illinois
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Illinois Surpasses The 100 Licensed Social Equity Cannabis Dispensary Milestone
The State of Illinois recently surpassed a significant milestone, having approved its 100th social equity cannabis dispensary license. 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. “From day one of legal cannabis sales in Illinois, my administration…
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How Many Medical Cannabis Patients Are Registered In Illinois?
The State of Illinois began accepting applications for the Medical Cannabis Registry Program starting on September 2, 2014. Since that time, the Illinois Department of Public Health (IDPH) has approved applications for 329,539 qualifying patients. “The current total number of active patients in the MCPP program as of June 30, 2024, is 141,189.” IDPH stated…
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Flower Makes Up 49% Of Legal Cannabis Purchases In Illinois
The emerging legal cannabis industry in the State of Illinois passed a major milestone on July 1st, having sold over $1 billion worth of legal cannabis products in 2024. Illinois’ legal industry reached the $1 billion mark faster in 2024 than it did in 2023. “Governor JB Pritzker announced today that Illinois reached $1 billion…
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Illinois’ Legal Cannabis Industry Sold $141.8 Million Worth Of Products In June 2024
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,…
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Illinois Sold $146 Million Worth Of Legal Recreational Cannabis In May 2024
Illinois’ legal adult-use cannabis industry continues to post strong numbers, with the state’s licensed recreational cannabis retailers selling over $146 million worth of products in May 2024, an increase over April 2024 when the state’s retailers sold roughly $144 million worth of cannabis products. Illinois became the 11th state to adopt a statewide adult-use cannabis…
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Charlotte’s Web CBD Products Debut In 827 Walmart Stores Across Five States
Charlotte’s Web is a Colorado-based B Corp company specializing in the creation, distribution, and sales of cannabinoid-based products. The company describes itself on its website as starting “as a mission, not a company. In the early days, our extract was something we gave away to help those who could benefit from it. Ten years later,…
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Home Values Increase Faster Near Legal Dispensaries According To Study
Cannabis opponents have claimed that the opening of legal cannabis dispensaries in a given area will harm the area’s viability. However, a recent study involving data from Oregon, Colorado, Washington, Michigan, and Illinois have found that legal cannabis dispensaries are associated with home values increasing faster in neighborhoods where dispensaries are located in. Will Begeny,…
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Over 22% Of Illinois Recreational Cannabis Sales Are To Out-Of-State Customers
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,…
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Illinois Recreational Cannabis Industry Sold Over $144 Million In April 2024
The Illinois Department of Financial and Professional Regulation released adult-use cannabis industry sales figures for April 2024. During the month of April, Illinois’ legal recreational cannabis industry sold 4,140,350 items for a total of $144,511,466.85. The April sales figure was a slight dip compared to the $148,872,065.12 sales total for March 2024, and up from…
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Study Finds That Louisiana Collected Nearly $1 Million In Cannabis Taxes In 2023
Technically, Louisiana passed a medical cannabis therapeutic measure back in 1978 (Act No. 725). However, that law never became operational since the Louisiana Department of Health never followed through with the law’s mandate to source cannabis for approved cancer and glaucoma patients. The law has since been amended several times over the years. “Initially, Louisiana’s…