Illinois officials have released a sweeping report on the state's marijuana market, describing the past year as one of "explosive growth in the cannabis industry" and noting that licensed retailers sold more than $2 billion worth of legal products during fiscal year 2024.
The year saw the single-largest expansion of stores since Illinois began opening medical marijuana dispensaries, the report says, with 82 new retailers opening for business—many of which are owned by social equity licensees.
"This growth has allowed for the creation of new jobs, increased access to cannabis for consumers, and shows the State's commitment to social equity in its cannabis programs," officials wrote.
The new 144-page 2024 Annual Cannabis Report, compiled by the Cannabis Regulation Oversight Office and published last week, is part of tracking requirements included in the state's adult-use and medical marijuana laws. It includes data from various state departments, such as Financial and Professional Regulation, Agriculture, Commerce and Economic Opportunity, Public Health, Revenue and the State Police.
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