First day of Illinois legal cannabis sales exceed $3.1 million

High-lights

  • 77,128 transactions = $3,176,256.71
  • Average purchase was about $200
  • Stores opened at 6 AM with hundreds of people waiting inline
  • Thursday was the last day to apply for 75 available dispensary licenses
  • Minority investors have additional points in the application process 
  • Licenses will be awarded by or before May 1st, 2020 

Wins

  • Additional tax revenue for the state
  • Opportunity for minority communities who were hurt by the war on drugs

Source: ABC 7 Chicago

Author: Craig Wall

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