Illinois Adult-Use Cannabis Sales Plateau at $121.9M in September

The bustling adult-use cannabis market in is showing signs of maturity.

After sales figures experienced a steady increase from $80.7 million in February to a summer peak of $127.8 million in July, the state’s retail market plateaued at $121.8 million in August and $121.9 million in September, according to monthly data released Oct. 4 by the Department of Financial and Professional Regulation (IDFPR). 

The most recent sales total comes on the heels of an ongoing retail licensing saga, with the IDFPR awarding 185 licenses in a trio of lotteries held July 29, Aug. 5 and Aug. 19, but a standing court order has blocked the issuance of those licenses.

RELATED: Illinois Confesses Licensing Blunder; Has Another Lottery Coming

Nonetheless, September sales have barking at the door of hitting the $1-billion benchmark for 2021—through the first nine months of the year, cumulative sales rest at $997.1 million, representing a 130.9% increase from this time a year ago. After adult-use sales launched in January 2020, the Illinois retail market reached $669.1 million in total sales last year.

Should sales trends hold steady in fourth quarter 2021, Illinois’ adult-use market will cash in roughly $1.4 billion this year.

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