Takeaway: Illinois Cannabis Sales Increase 94% in January

The State of Illinois released cannabis sales for January 2021. Things are slowing on the margin, but YoY trends remain very healthy.  Illinois total cannabis sales totaled $121.484 million in January 2021, up 0.1% from December and up 93.9% from last year.  Adult-use sales totaled $88.813 million, up 126.3% from a year ago and 2.3% from December.

January Illinois Cannabis Sales (CURLF, GTBIF & CRLBF) - 2 4 2021 9 46 19 AM

Total approved medical cannabis applications have risen to 151,714 representing a 48.0% increase YoY, and a 1.4% increase MoM (below the 12-month trend of 3.4% growth).

January Illinois Cannabis Sales (CURLF, GTBIF & CRLBF) - 2 4 2021 9 47 10 AM

 Total retail sales of Medical cannabis declined by 5.3% MoM and was up 39.6% YoY.

January Illinois Cannabis Sales (CURLF, GTBIF & CRLBF) - 2 4 2021 9 47 42 AM

 Dry flower sales have materially picked up since the introduction of the OAPP but Concentrates/infused products still hold the slight majority share at 52% over the LTM period.

January Illinois Cannabis Sales (CURLF, GTBIF & CRLBF) - 2 4 2021 9 55 11 AM

Let us know if you would like the excel file for IL data.

Please call or e-mail with any questions.

 

Howard Penney

Managing Director