Illinois pot shops unloaded nearly $2.9 million worth of recreational weed each day in February, outpacing a record set just a month earlier.
Average daily sales in February hit a new high of roughly $2.88 million, up from the $2.86 million a month earlier, according to figures released this week by the Illinois Department of Financial and Professional Regulation.
All told, dispensaries sold more than $80 million in recreational pot products last month. That marked a drop from the record $88 million in sales recorded in January, when there were three more days of sales.
In the first full year of legalization, recreational pot sales reached nearly $670 million. Based on this year’s first two months, total sales in 2021 are on pace to eclipse $1 billion. The sales figures are reported separately from medical marijuana tallies, which are reported later in the month.
Despite the eye-popping numbers, cannabis consultant Andy Seeger said sales might start to level off. Without more cultivation space, more stores or new, pricier products, there’s only so much the industry will be able to grow. Meanwhile, the state’s outstanding cannabis licenses — including 40 craft cultivation permits and 75 new dispensary licenses — have all