Illionois Recreational Cannabis Sales Approach $110 Million in First Quarter of Legalization
The latest official monthly sales data for recreational marijuana sales in Illinois have been published. Combined with the previous two months' data, they show that nearly $110 million worth of legal cannabis products were sold in the first quarter of 2020. That represents a solid beginning for the business in the state, where the sale and consumption of cannabis for recreational use was made legal on Jan. 1.
In March alone, revenue from adult-use sales amounted to $35.9 million, according to the numbers supplied by the state's Department of Financial and Professional Regulation. That was 3% higher than the February tally, though down 8% from January. February had two fewer days than March, while in January, there was robust buying activity due to the newness of marijuana's legal status.
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Source Fool.com
