Illinois once again breaks records for its monthly cannabis sales, putting the total sales of the state above half a billion dollars since the beginning of the year.
In September, Illinois sold over $67.5 million worth of weed, which was the highest month on record since the state legalized cannabis in January this year. September's sales were a leap above February's sales, which sat at $34 million, showing that the demand for cannabis and cannabis-related products was certainly growing across the state.
Most recently, Illinois released its October cannabis sales figures, which yet again surpassed all prior sales records, with October bringing in a whopping $75.2 million in just one month from cannabis sales. The $75 million was comprised of $20.5 million worth of weed sold to out-of-state residents, and $54.7 million generated from in-state residents. Both of these figures were records for Illinois, with October sales jumping nearly $8 million over the prior record-month of September.
The news of October's success follows an announcement made recently that Illinois had generated over $100 million in tax revenue from sales of cannabis and cannabis-related products, which the state is using to address the inequities that arose during the War on Drugs.
Speaking on Illinois's use of its cannabis tax revenue, the Governor of Illinois, J.B. Pritzker, stated:
"Illinois has done more to put justice and equity at the forefront of this industry than any other state in the nation, and we're ensuring that communities that have been hurt by the war on drugs have the opportunity to participate."
Illinois's cannabis tax revenue has been invested in the Restore, Reinvest, and Renew (R3) program. Funds can also be used towards either substance abuse prevention and mental health awareness or crime prevention programs.
Pritzker said at the time that a "portion of every dollar" is dedicated to those who have been judicially, socially, and economically disadvantaged in the past.
With a handful of cannabis legalization initiatives on the ballot for this November, Illinois's success with legal cannabis may provide a roadmap for other states hoping to do the same.
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