'Illinois Sets 2023 Marijuana Sales Record With $140M In Recreational Purchases In July' - Marijuana Moment
Portfolio Pulse from Happy Mohamed
Illinois reported record recreational marijuana sales of $140 million in July 2023, the second highest monthly total since the adult-use market launched in 2020. The majority of sales came from in-state residents, with out-of-state visitors accounting for $35.8 million. The state's marijuana sales reached a record high of more than $1.5 billion in 2022. Other states such as Maryland, Missouri, Michigan, Massachusetts, and Connecticut also reported record marijuana sales.
August 04, 2023 | 3:42 pm
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POSITIVE IMPACT
Aurora Cannabis may benefit from the record marijuana sales in Illinois and other states.
As a major player in the cannabis industry, Aurora Cannabis is likely to benefit from the surge in marijuana sales in various states.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Canopy Growth Corporation may see increased revenues due to the record marijuana sales in Illinois and other states.
Canopy Growth Corporation, as a leading cannabis company, is likely to benefit from the increased marijuana sales in these states.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tilray may experience a boost in revenues due to the record marijuana sales in Illinois and other states.
Tilray, being a significant player in the cannabis industry, is likely to benefit from the surge in marijuana sales in these states.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50