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Illinois Cannabis Sales
Mar, 2024
Overview
The Illinois cannabis market has demonstrated a consistent upward trajectory in terms of market size, with a notable year-over-year sales growth of 5.0% as of March 2024. The average item price in the state has seen a slight decrease from $35.01 in March 2023 to $32.49 in March 2024, suggesting a maturation of the market where consumers are benefiting from more competitive pricing. Total sales reached $172.01 million in March 2024, with a month-over-month growth of 7.5%, indicating a robust and expanding market.
Despite the overall market growth, the average item price in Illinois remains higher than in many other states, reflecting the unique market dynamics, including consumer preferences and regulatory factors. The total units sold in March 2024 were approximately 5.29 million, with a significant year-over-year unit growth of 13.2%. This growth in units sold outpaces the sales growth, highlighting an increase in market penetration and consumer adoption.
Mar, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Illinois to other markets in the country, it is evident that Illinois has one of the higher average item prices at $32.49, surpassed only by states like New York and Ohio. The state's sales figures are substantial, with $172.01 million in sales, outpaced by larger markets such as California and Michigan, which reported sales of $364.56 million and $284.56 million, respectively.
Illinois' growth rates are competitive, with a month-over-month sales growth of 7.5%, indicating a healthy and dynamic market. However, the year-over-year growth rate is less than Michigan's impressive 14.0%, suggesting room for further expansion and market penetration.
For those interested in a deeper dive into the Illinois cannabis market or comparisons with other states, Headset Insights offers comprehensive data and analytics services.
Illinois Weed Prices
Category Performance
Focusing on the Flower category, which has shown a different trend than the market as a whole, we observe a year-over-year sales growth of 10.2% and a unit growth of 13.9% in March 2024. Within this category, the 'Hybrid - Popcorn' segment stands out with a substantial growth rate of 34.6% in sales and 46.4% in units sold year-over-year.
In this segment, the top brand is High Supply / Supply with sales of $3.16 million and an average item price of $106.73. Other notable brands include Ozone and &Shine, with sales of $1.46 million and $1.21 million, respectively.
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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