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Illinois Cannabis Sales
Aug, 2024
Overview
The Illinois cannabis market has demonstrated a relatively stable growth trajectory over the past two years, with minor fluctuations in sales figures. As of August 2024, the average item price in Illinois stands at $29.70, a slight decrease from the previous year's $30.38, reflecting a modest year-over-year sales growth of -0.4%. This stability in pricing, coupled with a 10.9% increase in unit sales year-over-year, suggests a growing consumer base that is becoming more comfortable and familiar with cannabis products.
Despite a nationwide trend of varying growth rates and pricing adjustments, Illinois maintains a unique position with its higher average item prices compared to states like Colorado and Oregon, where prices are significantly lower. This pricing strategy might be indicative of Illinois' market dynamics, which include a mix of both recreational and medicinal products appealing to a diverse consumer base.
Aug, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Illinois to other major markets like California and New York, Illinois' market size is robust but not the largest. California leads with a total sales figure of $343 million in August 2024, significantly higher than Illinois' $165 million. However, Illinois outperforms in terms of pricing, maintaining higher average prices than both California and New York. Growth rates in Illinois are also more stable compared to the explosive growth observed in New York, where year-over-year sales and unit growth were 340.7% and 366.4%, respectively, largely due to recent market expansions and regulatory changes.
Illinois Weed Prices
Category Performance
Focusing on the Flower category in Illinois, it's evident that this segment has maintained a steady market presence with a slight year-over-year sales decline of -1.1% and a modest growth in unit sales by 5.0%. Within this category, the segments show diverse trends. For instance, the 'Hybrid - Popcorn' segment saw a significant increase in sales by 16.4% and unit growth by 17.4%, suggesting a rising consumer preference for specific strains and product types. Conversely, the 'Sativa - Popcorn' segment experienced a sharp decline in both sales and units, indicating a shift in consumer preferences or possibly supply issues.
Top Cannabis Brands in Illinois
Product Category Market Share In Illinois
Historical Cannabis Sales In Illinois
Illinois Cannabis Reports
A deep dive into the Illinois cannabis market
Illinois Cannabis News
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A look at last year's 4/20
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