The Illinois Department of Financial and Professional Regulation (IDFPR) announced today the totals for adult-use cannabis sales in December and final total sales for the entire year. December sales totals broke a record for monthly sales totals. December total adult-use sales reached $143,899,826.30. The record-breaking month pushed Illinois’ sales totals for 2022 passed the 1.55 billion mark at $1,552,324,820.37.
In-state resident total sales and items sold in December also set records. In-state resident sales totals finished at more than $102,460,209.38, the first time its surpassed 100 billion. Illinois also sold the most cannabis items in one month since legalization at 3,446,978. December total out-of-state resident sales reached $41,439,616.92, which finished only behind July 2022 total of $43,503,289.06.
The 2022 sales totals of $1,552,324,820.37 are the most since legalization in Illinois and a 12% increase from 2021 totals of $1,379,088,278.61 and 20% from 2021 totals of $669,084,410.12. However, until December monthly sales totals had plateaued toward the second-half of the year, ranging from $126-$135 million.
For 2022, Illinois sold a total of 36,435,129 cannabis items, an increase of 20% from 2021. The 2022 in-state resident sales reached $1,073,132,436.48 (an increase of almost 14% from 2021), and the out-of-state resident sales totaled $479,192,383.91 (an increase of almost 10% from 2021). There are currently 113 adult use cannabis dispensaries in Illinois, including the first three social equity dispensaries that opened in 2022.
In addition to three social equity adult use cannabis dispensaries that opened in 2022, 189 other conditional licensees are in the process of receiving full dispensary license from IDFPR. Dispensaries may begin adult use cannabis sales once they receive the full license from IDFPR. IDFPR also announced in December 2022 that applications for the next round of cannabis dispensary licenses would be accepted starting January 30, 2023.
Recreational cannabis sales for 2022 totals included:
2022 Totals: $1,552,324,820.37
Recreational cannabis sales for 2021 totals included:
Year totals: $1,379,088,278.61
Recreational cannabis sales for 2020 totals included:
These figures do not include taxes collected.
The following are quotes from politicians involved with the Cannabis Regulation and Tax Act.
“When I signed the Cannabis Regulation and Tax Act into law in 2019, we set out on an ambitious goal: to create the most equitable and economically prosperous cannabis industry in the nation. Our data from 2022 shows that we are well on our way towards making that idea a reality,” said Governor JB Pritzker. “Not only did we break our previous sales record by more than 12% with a total of more than $1.5 billion, we also saw the first of our social equity adult use cannabis dispensaries open their doors for business—paving the way for an even stronger 2023.”
“This marks the second straight year that Illinois’ adult use cannabis industry has seen record- setting growth, and we are excited for what the future holds for the most equitable cannabis industry in the country,” said Mario Treto, Jr., Secretary of the Illinois Department of Financial and Professional Regulation. “We are optimistic the industry will only continue to flourish in 2023, as we welcome more dispensaries to Illinois.”
For more Illinois cannabis industry news, visit here.
To learn about cannabis-friendly events in Illinois, visit here.
For Illinois News Joint reviews, visit here.
To qualify and receive a medical patient card at a discounted rate, visit here.