Illinois released sales figures for adult-use cannabis in March today. The state’s adult-use cannabis sales were up 12.9% sequentially to $147.5 million, and this was an increase on a per-day basis of 2.0%. The year-over-year growth was -0.9%, worse than the gain in January but better than the decline in February:
Units sold increased by 6.6% from a year ago, suggesting lower prices or substitution of lower-priced products by consumers. Units sold rose 13.1% sequentially.
After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales were up 5.4% in 2024 to $1.72 billion. So far in 2025, they are unchanged. During March, sales to non-residents were 21.0%:
The state separately releases sales from its medical program, and the release for March showed that sales rose 12.0% sequentially to $19.7 million, which was down 14.7% from a year ago:
For March, combined adult-use and medical sales were $169.6 million, increasing 12.8% sequentially and down 3.0% from a year ago.:
Total sales of $2.01 billion in 2024 were up 2.5% from 2023. So far in 2025, they have declined by 2.3% compared to the first three months of 2024.
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email
Illinois released sales figures for adult-use cannabis in March today. The state’s adult-use cannabis sales were up 12.9% sequentially to $147.5 million, and this was an increase on a per-day basis of 2.0%. The year-over-year growth was -0.9%, worse than the gain in January but better than the decline in February:
Units sold increased by 6.6% from a year ago, suggesting lower prices or substitution of lower-priced products by consumers. Units sold rose 13.1% sequentially.
After increasing 106% in 2021, 13% in 2022 and then 5% in 2023, year-to-date adult-use sales were up 5.4% in 2024 to $1.72 billion. So far in 2025, they are unchanged. During March, sales to non-residents were 21.0%:
The state separately releases sales from its medical program, and the release for March showed that sales rose 12.0% sequentially to $19.7 million, which was down 14.7% from a year ago:
For March, combined adult-use and medical sales were $169.6 million, increasing 12.8% sequentially and down 3.0% from a year ago.:
Total sales of $2.01 billion in 2024 were up 2.5% from 2023. So far in 2025, they have declined by 2.3% compared to the first three months of 2024.
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