Illinois’ booming adult-use Cannabis industry set yet another sales record last month. For April 2021, Illinois dispensaries sold just under 2.5 million recreational products in April alone, reports MyStateLine.com. Those products brought in a total of $115 million in sales, according to the Illinois Department of Revenue. That’s a healthy $6 million more than the previous monthly record, set in March.
Pre-tax recreational sales in April 2021 represented an increase of more than 200 percent compared to April 2020.
In-state customers made up $80 million of that total. Out of state customers spent $35 million. Illinois medical marijuana patients spent another $35 million, bringing the total of recreational and medicinal sales to $150 million for the month.
Interestingly enough, recreational weed customers have paid $22 million more in taxes into the Illinois stage budget than alcohol customers this year.
Adult-use and medical Cannabis sales in the state exceeded $1 billion last year. Sales are on track to reach at least that milestone again this year, according to Newsweek.
Cannabis industry insiders have predicted the Illinois market will eventually grow to more than $2 billion a year. Lawmakers in the state are weighing bankruptcy options amid a huge budget deficit.
Cannabis business experts say this year legal U.S. weed sales will hit $22.8 billion, seeing a 24 percent annual gain.