That is how much Illinois’ nascent recreational marijuana market has brought in during the first two months of operations, a figure that shows steady demand so far.
In January, the first month weed was sold legally for recreational use, the Illinois Department of Financial and Professional Regulation said that marijuana generated $39,247,840.83 worth of sales. Nearly $9 million worth were sold to visitors from outside the state, while more than 970,000 marijuana products were sold in those 31 days. On New Year’s Day, when the marijuana market opened for business in Illinois, sales reached nearly $3.2 million.
The administration of Illinois Gov. J. B. Pritzker, who signed the bill legalizing marijuana last summer, hailed the first month of sales as a triumph of the new law.
“The successful launch of the Illinois legal cannabis industry represents new opportunities for entrepreneurs and the very communities that have historically been harmed by the failed war on drugs,” said Toi Hutchinson, Pritzker’s senior advisor for cannabis control. “The administration is dedicated to providing multiple points of entry into this new industry, from dispensary owners to transporters, to ensure legalization is equitable and accessible for all Illinoisans.”