Cannabis Sales In Illinois Top $140M In July Setting New Record, Gov Pritzker Says Legal Weed Created 30,000 Jobs
Portfolio Pulse from Maureen Meehan
Illinois' cannabis retailers sold $140 million in weed products in July 2023, setting a new record. The state collected $36 million in tax revenue from Wisconsin residents alone. Governor Pritzker noted that cannabis legalization has resulted in the creation of more than 30,000 jobs in Illinois over the past two years. Major companies in the state's cannabis industry include Cresco Labs Inc, Verano Holdings Corp., Green Thumb Industries, and PharmaCann. Illinois' weed sales reached $1.5 billion in 2022, and 2023 is on track to meet or exceed that record.
August 04, 2023 | 5:54 pm
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Cresco Labs Inc, a major player in Illinois' cannabis industry, may benefit from the record sales and job creation in the state.
Cresco Labs, being a major player in the Illinois cannabis market, is likely to benefit from the record sales and job creation. The company's performance could be positively impacted by the thriving cannabis industry in the state.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Green Thumb Industries, a major player in Illinois' cannabis industry, may benefit from the record sales and job creation in the state.
Green Thumb Industries, being a major player in the Illinois cannabis market, is likely to benefit from the record sales and job creation. The company's performance could be positively impacted by the thriving cannabis industry in the state.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Verano Holdings Corp., a significant player in Illinois' cannabis industry, may see benefits from the record sales and job creation in the state.
Verano Holdings, being a significant player in the Illinois cannabis market, is likely to benefit from the record sales and job creation. The company's performance could be positively impacted by the thriving cannabis industry in the state.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75