Illinois Medical Cannabis Sales Drop
Illinois’ medical cannabis sales lost all of their “pandemic gains”, dropping to levels not seen since January 2020.
Chart of The Week
Illinois medical cannabis sales’ steady increase
Medical cannabis sales kept to its bewilderingly steady 3% month-to-month sales increase in May 2020.
Illinois sees big cannabis sales growth in May
Illinois cannabis sales totals surged to $44.3 million in May, a $7 million increase over April.
Big growth in Illinois medical cannabis patients
Illinois approved an unprecedented 10,000 new medical cannabis patients during the month of May.
Small Highs And Big Lows
MedMen’s Q1 results skewed our chart as they reported huge losses this last quarter.
Illinois and Michigan cannabis sales still lagging
Retail recreational cannabis sales are still small in Illinois compared to other states.
Cash Tightens Up
Almost every public cannabis company has the same amount of cash – except Acreage Holdings, which notified Canadian and American securities administrators that it would delay its Q4 and 2019 annual reports a second time.
Medical Cannabis Sales
Illinois reported $31.1 million in medical cannabis sales for the month of April, a 3.7% increase over March.
Public Cannabis Company Quarterlies
April 30 was the deadline for public company 2019 annual and fourth quarter reports. While most companies got theirs out
Cannabis Use Legal Status
Very little has changed since recreational use became legal in Illinois on January 1.
