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Illinois’ March cannabis sales 2nd highest since legalization

Illinois News Joint

March totals reached $148,872,065.12, the 2 nd highest monthly total since legalization. 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.

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The Year in Weed: 2023 Edition

The Blunt Truth

Last year , I predicted there would be no federal cannabis legalization, but that perhaps states would legalize. Is predicting that there would be no federal legalization akin to shooting fish in a barrel? We thought the market would expand “quite a bit” in 2023 – well, the “a bit” part was right. Was I right?

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Illinois out-of-state resident cannabis sales plummet

Illinois News Joint

January out-of-state resident sales dropped to its lowest total since February 2020, the second month of legalization. Illinois countered its low out-of-state resident sales with strong in-state resident sales to kick off 2024 with its highest January in-state resident sales since legalization. 2023 Yearly Totals: $1,634,983,542.79

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The Week in Weed: August 18, 2023

The Blunt Truth

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we return to South Dakota, where some people want adult-use to be legal and some want medical marijuana to be rescinded. We note that New Hampshire will now be studying legalization.

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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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The Week in Weed: August 4, 2023

The Blunt Truth

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. John Hickenlooper (D-CO) reintroduced his Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act , in an effort to “prepare” the government for federal cannabis legalization.

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Illinois cannabis sales set monthly records, again

Illinois News Joint

For the second-straight month, Illinois set a new monthly sales record for 2023. Since legalization, July 2023 sales totals only trail December 2022 totals of $143,899,826.30. Dispensaries sold a record 3,580,946 total items in July, outperforming last month’s totals of 3,464,177 items. February: $120,488,569.91