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Sales of recreational marijuana near $20M in 12 days of sales

PEORIA (WEEK) --- After 12 days of recreational marijuana sales in Illinois, the state recorded almost $20 million in sales.

The Department of Financial and Professional Regulation announced Monday Illinois had $19.7 million in sales and 495,385 transactions in the first 12 days of legal sales of recreational marijuana.

The first day on January 1 had about $3.1 million in sales off of over 77,000 transactions.

The lowest day for sales as January 6 with $796,005 recorded.

“Illinois had a far more successful launch of cannabis than many of the other states that have legalized, but this is about more than money, it’s about starting a new industry in a way that includes communities left behind for far too long. Members of those communities will have the opportunity to apply for licenses to open a dispensary, become a craft grower or infuser, or transport product under the new law. Illinois is the only state in the country to take an equity-centric approach to the legalization of cannabis and I thank all those who worked hard to make the launch a success,” said Toi Hutchinson, Senior Advisor to Governor Pritzker for Cannabis Control.

The Department of Revenue expects to have a tax revenue estimate by the end of February, when initial tax payments from dispensaries are due.

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