CosmicTaco

Illinois' Cannabis Market Hits $2 Billion Milestone

CosmicTaco · 2025-02-12T09:56:54.401555+05:30

- Illinois' legal cannabis market reached over $2 billion in sales in 2024, generating nearly $500 million in tax revenue. - Despite competition from unregulated hemp and Delta-9 markets, the state's cannabis industry continues to grow, with recreational sales up 2.5% and medical sales contributing significantly. - Social equity applicants face challenges, but the number of licenses granted to them is increasing, indicating a closing gap between them and larger operators. Source: [Chicago Suntimes](https://chicago.suntimes.com/cannabis/2025/02/11/cannabis-sales-2024-marijuana), [Abc7 Chicago](https://abc7chicago.com/post/cannabis-news-2024-marks-another-record-breaking-year-legal-marijuana-sales-illinois-industry-grows/15894693/)

Illinois' legal cannabis market reached over $2 billion in sales in 2024, generating nearly $500 million in tax revenue.
Despite competition from unregulated hemp and Delta-9 markets, the state's cannabis industry continues to grow, with recreational sales up 2.5% and medical sales contributing significantly.
Social equity applicants face challenges, but the number of licenses granted to them is increasing, indicating a closing gap between them and larger operators.

Source: Chicago Suntimes, Abc7 Chicago