$35M worth of Pot sold in February

M worth of Pot sold in February

Legal sales of recreational cannabis were high in February, which was mostly driven by visitor purchases from out of state even with two fewer shopping days. The Department of Financial and Professional Regulation has reported on Wednesday that the state dispensaries has sold about $34.8 million worth of weed last month.

February figures couldn’t match that of January as the first month of the new decade recorded $39.2 million worth of sales. The Illinois residents had bought $25.6 million while out of state visitors bought $9.2 million rising from $8.6 million from the previous month. The Leap year made it 29 sale days but some of the dispensaries had to put a sales-limit with shortages as cultivation sites ramp up to meet legal demand even while prioritizing medical-marijuana patients.

Toi Hutchinson, senior adviser for cannabis control to Gov. Pritzker, said: “These numbers show there continues to be a strong demand across the state as the most equity-centric cannabis program in the country moves forward in Illinois.” She added, “As the adult-use cannabis industry continues to grow, so will the number of opportunities for consumers and entrepreneurs alike — especially those from communities who suffered the most during the failed war on drugs.”

The Department of Financial and Professional Regulation pointed out that the Department of Agriculture is accepting applications for cannabis-infuser, craft-grower, and transporter licenses through March 16. The priority will be given to social-equity applicants that have suffered most in the War of Drugs.

The accepted applicants will be given technical assistance, grants, low-interest loans, and fee reductions and waivers for eligible applicants. You can get the applications online. The Department of Commerce and the Agriculture Department has teamed up on outreach programs including statewide workshops.

Guest Writer

Related Posts
Recreational Cannabis Sales’ Taxes Collects $52 Million
Illinois has collected $52 million in the first six months of the year from taxes
Hoffman comes forward to help small businesses getting necessary lifeline
Representative Jay Hoffman, D-Swansea, urged small businesses to apply for additional funding under the Business
September: National Recovery Month
Centerstone is celebrating September as National Recovery Month. National Recovery Month is recognized by Centerstone
Gun Shootings near May Street and 122nd Street, Chicago
CBS 2’s Steven Graves reports that a total of nine people were wounded between the
Fires Shot at Police Officers
On September 16, at 9:33 p.m., members of the Springfield Police Street Crimes Unit had
Sexual Exploitation of a Child Lands Decatur Man 22 Years in Federal Prison
Daniel A. Betty, 28, of Decatur, Ill., is sentenced to serve 22 years in federal
Marijuana tax revenue approaches $20M a month
Illinois’ recreational marijuana tax revenue is accelerating as it approaches $20 million a month. The
27 Years in Prison Sentencing for Chicago Street Gang Member
Chicago street gang’s member has been sentenced to 27 years in federal prison for engaging
EXPO Chicago: 2020 Fall Programming Announced
Each September, the international art fair, EXPO Chicago launches and dominates the region's cultural calendar.
Free Virtual Sessions Offered by Rockford University
The region’s leading private four-year institution Rockford University announced it will offer sessions from its