State Announces $10.8 Million in Sales During First 5 Days of Adult-Use Pot
The Illinois Department of Federal and Professional Regulation has announced that statewide adult-use cannabis sales from Wednesday, Jan. 1, through Sunday, Jan. 5, totaled $10,830,667.91.
Dispensaries across the state rendered 271,169 transactions over the five-day period.
|
SALES |
TRANSACTIONS |
|
|
Jan. 1 |
$3,176,256.71 |
77,128 |
|
Jan. 2 |
$2,252,586.51 |
56,762 |
|
Jan. 3 |
$2,209,065.01 |
55,161 |
|
Jan. 4 |
$2,004,019.43 |
51,174 |
|
Jan. 5 |
$1,189,252.18 |
30,954 |
|
TOTAL |
$10,830,667.91 |
271,169 |
The Department of Revenue expects to have a tax revenue estimate by the end of February, when initial tax payments from dispensaries are due.
Toi Hutchinson, senior advisor to the governor for cannabis control is encouraging social-equity applicants to apply for $30 million in loans.
On Thursday, Jan. 2, the Department concluded the first round of applications for new dispensary licenses. A preliminary count shows that more than 700 applicants submitted applications seeking almost 4,000 licenses. More than 600 of the applicants identified themselves as qualifying for social equity applicant status.
The department will award up to 75 new dispensary licenses, which will be announced by May 1, 2020.
SOURCE: state of Illinois news release
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