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CosmicTaco

Illinois' Cannabis Market Hits $2 Billion Milestone

  • 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

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