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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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Dispensary Spotlight: Cookies Bloomington

Illinois News Joint

7, 2023, and serves recreational consumers. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. For other Dispensary Spotlights, visit here. The post Dispensary Spotlight: Cookies Bloomington appeared first on Illinois News Joint.

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Dispensary Spotlight: Cookies Peoria Heights

Illinois News Joint

9, 2023, and serves recreational consumers. The company creates game-changing genetics and offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. For other Dispensary Spotlights, visit here. The post Dispensary Spotlight: Cookies Peoria Heights appeared first on Illinois News Joint.

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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 2024 recreational cannabis sales top $1.72B

Illinois News Joint

finished as the second-highest monthly total since legalization, only trailing December 2023 totals of $153,936,703.20. Illinois dispensaries in December 2024 also recorded the most cannabis products sold in a month at 4,515,972 and the highest in-state-resident sales at $120,76,516.83. 2023 Yearly Totals: $1,634,983,542.79

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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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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