CHICAGO (WEEK) - According to the Illinois Department of Financial and Professional Regulation, adult-use cannabis sales hit $35,902,543.22 in March. The department said the numbers do not includes taxes collected.
In February, total sales were $34,805,072, and in January sales reached $39,247,840.83.
As for March, the IDFPR said most sales came from Illinois residents; $27,096,931.23. Out of state buyers spent $8,805,611.99. In total, people bought 812,203 cannabis products across the state.
The IDFPR pointed out that medical and adult-use cannabis dispensaries are considered essential businesses under the governor's executive 'stay-at-home' order. The department said in a news release, "Both sides of the cannabis industry were included to ensure the cannabis supplier industry protects medical cannabis patients during the COVID-19 pandemic. Additionally, the revenue generated by adult-use cannabis sales funds the important social justice and equity goals at the core of Illinois’ adult-use law."
The department also said a portion of every cannabis sale goes to communities which were most impacted by drug crime when marijuana was illegal.
So what is allowed during the 'stay-at-home' order? Curbside pickup for medical patients will continue through April 30th. Medical cannabis delivery to a patient's home is not allowed at this time. The IDFPR said recreational purchases still have to take place inside limited access areas. For more information on COVID-19 safety regulations at dispensaries, click here.
As far as getting involved in the business, you can still apply for licenses to be a craft grower, cannabis infuser, or transporter through the Illinois Department of Agriculture. The deadline for applications was pushed back to April 30th by Gov. JB Pritzker.
The state will give out up to 40 infuser licenses, and up to 40 craft grower licenses. There is no limit on transporter licenses and those will be handed out by July first.