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Illinois 2023 medical cannabis sales reach $3.24M

Illinois News Joint

The Illinois Department of Public Health (IDPH) recently released its December 2023 medical cannabis sales totals. for the third-highest monthly total in 2023, behind March’s $29,018,805.60 Total 2023 medical cannabis sales reached $324,792,664.73, which was the lowest yearly total since adult-use legalization.

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January and February medical cannabis sales hover around $24M

Illinois News Joint

Each monthly total marked the lowest January and February totals since legalization in Illinois. In January, Illinois dispensaries sold $11,505,949.92 Licensed medical cannabis dispensaries served 60,179 unique patients, who purchased 1,251,318 grams of dry cannabis. In February, Illinois dispensaries sold $11,474,605.18

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nuEra Cannabis becomes vertically integrated

Illinois News Joint

The Illinois cannabis industry continues into its fifth year of legalization, and the business markets is not slowing down. Ieso holds one of only 20 full-scale cultivation licenses in the state. NuEra has also announced plans to open a new dispensary in DeKalb by spring 2024.

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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 medical cannabis sales stay stagnant

Illinois News Joint

The Illinois Department of Public Health (IDPH) released its June 2023 medical cannabis sales totals. For the last three months, monthly sales totals performed weaker than the three years since Illinois legalized recreational use. For 2023, monthly totals continue to hover around $27-$28 million. February: $26,652,042.97

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Will Georgia Legalize Cannabis? GA Medical Cannabis Program Explained

Veriheal

Toward the end of last month, the Georgia government approved licenses for three new dispensaries. Two of these dispensaries will be located in the Atlanta Metropolitan area. Georgia Adds Three New Dispensaries Commissioners approved a license for Trulieve GA Inc. , a prominent cannabis corporation in the state.

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More Adult Use Cannabis Legalization on 2022 Ballots!

Canna Law Blog

This time around though, many voters will also make big decisions about adult use cannabis legalization. Ten years ago, only two states, Washington and Colorado, had adult use cannabis legalization on the ballot. Adult Use Cannabis Legalization in 2022. That is outstanding all the way around, win or lose.