Illinois Cannabis Industry Shows Modest Gains In May Sales Figures

Illinois’ adult-use cannabis sales for May showed a modest 1.2% increase from April, reaching $146.2 million. Compared to last year, the figures from the Illinois Department of Financial and Professional Regulation (IDFPR) for May showed an increase of 10.1%.

Illinois Adult-Use Cannabis May Sales Dynamics 

Cumulative adult-use sales for 2024 have reached $709 million, marking a 9.4% increase year-to-date. This growth follows annual increases of 106% in 2021, 13% in 2022, and 5% in 2023. Sales to non-residents accounted for 22.6% of the total in May.

However, May's monthly total cannabis sales figures also represents a slight decline on a per-day basis compared to April, which included the 4/20 holiday, as noted by New Cannabis Ventures.

Illinois Medical Cannabis Sales In May

Medical cannabis sales, reported separately by the Medical Cannabis Patient Program (MCPP), decreased by 2.6% from April to $24.4 million, an 11.1% drop year-over-year. Combined adult-use and medical sales for May were $170.6 million, up 0.6% sequentially and 6.5% from the previous year.

In 2023, total cannabis sales in Illinois reached $1.96 billion, marking a 3% increase from 2022. So far in 2024, sales have grown 6% compared to the same period in 2023.

Read also: Illinois Cannabis Sales and Taxes Allocation

The Illinois Department of Public Health reported 141,818 active patients in the Medical Cannabis Registry Program as of May 31. The state's 55 licensed medical cannabis dispensaries served 61,757 unique patients in May, with retail sales totaling $24.4 million.

Overall, licensed medical cannabis dispensaries have generated $2.09 billion in retail sales since November 2015, while wholesale sales by cultivation centers have reached $3.57 billion in the same period.

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