Chart of The Week

Michigan and Illinois passed the $1 billion mark for legal cannabis sales last month.

After months of being in the sales doldrums, Michigan’s monthly legal cannabis sales increased by $22 million in July.

Illinois and Michigan cannabis sales stayed steady for another month as Missouri medical cannabis sales continued to inch up in June.

It seems that some companies are consistently reporting positive quarterly results, while others continue to eat up cash.

Except for a small gain in sales in Missouri, legal Midwestern cannabis sales have hovered at a steady rate since March.

Michigan and Illinois cannabis both reported new record monthly sales numbers for the month of April.

Michigan’s monthly legal cannabis sales zoomed up $40 million in the month of March, as Illinois’ also increased by $34 million in the same period.

Michigan’s legal cannabis sales have yet to surpass last July’s $109.5 million peak while Illinois’s sales met what seems to be a seasonal February drop.

Illinois dispensaries could be selling $236 million in cannabis a month by December 2021.

About 12% of registered Michigan marijuana patients gave up their cards between September 2019 and September 2020.