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Illinois 2023 medical sales lowest start in two years

Illinois News Joint

The Illinois Department of Public Health (IDPH) updated its January 2023 and February 2023 medical cannabis sales totals yesterday for the first time this year. Medical cannabis sales for 2023 started well below the 2022 and 2021 monthly totals. In January 2023, Illinois collected $27,621,022.42 March: $31,965,526.26

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Illinois’ March cannabis sales 2nd highest since legalization

Illinois News Joint

Only December 2023 had a higher monthly total at $153,936,703.20. March in-state resident sales totaled $114,458,207.57, and dispensaries sold 4,048,897 cannabis items, both of which also were the 2 nd highest monthly total since legalization. 2023 total monthly sales include: January: $127,938,019.85 February: $135,571,931.44

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The Year in Weed: 2023 Edition

The Blunt Truth

We thought the market would expand “quite a bit” in 2023 – well, the “a bit” part was right. And not to ruin the ending, but no retail market will open in 2023. Also, the NBA agreed to players investing in the cannabis industry as part of a new collective bargaining agreement. million in revenue in one weekend is a tidy sum.

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Illinois out-of-state resident cannabis sales plummet

Illinois News Joint

In 2023, out-of-state resident sales totals averaged around $32-36 million per month. In comparison, January totals for 2023 reached $127,938,019.85. Dispensaries sold 3,551,727 cannabis items. 2023 total monthly sales include: January: $127,938,019.85 2023 Yearly Totals: $1,634,983,542.79 February: $120,488,569.91

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Illinois breaks cannabis sales record for in-state residents

Illinois News Joint

The Illinois Department of Financial and Professional Regulation announced today recreational cannabis sales totals for November, which set a new record for in-state resident sales at $105,457,293.74, breaking September 2023’s previous record of $105,071,931.58. In November, dispensaries sold 3,769,071 total items. March: $134,790,381.77

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Tax Practitioners’ Meeting includes Section 280E cannabis deduction

Illinois News Joint

The Illinois Department of Revenue (IDOR) today hosted the 2023 Tax Practitioners’ Meeting and PowerPoint presentation. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.

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Illinois to surpass yearly cannabis sales record

Illinois News Joint

kept Illinois’ monthly sales totals on track in 2023 to eclipse the 2022 yearly totals of $1,552,324,820.37. With October sales totals, the 2023 yearly sales totals to date have reached $1,341,946,463.50 and should surpass the 2023 yearly totals in December. 2023 total monthly sales include: January: $127,938,019.85