BusinessIllinois Cannabis Revenue Drops 13% as Price Competition Intensifies
Illinois cannabis sales fell 13% to $1.5B in 2024 even as unit sales hit 58M items, highlighting intensifying price competition in the maturing market.
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BusinessIllinois cannabis sales fell 13% to $1.5B in 2024 even as unit sales hit 58M items, highlighting intensifying price competition in the maturing market.
BusinessCanada's legal cannabis market hit a record C$503.7 million in December sales, up 5.3% from November, according to Statistics Canada data. The milestone reflects continued growth in the mature market despite ongoing industry challenges.
BusinessMassachusetts' adult-use cannabis market surpassed $9 billion in total sales since 2018, with the milestone coming as residents stocked up ahead of a major winter storm. The state logged $1.65 billion in sales over the past year.
BusinessLegal cannabis sales declined 3.1% in January compared to December across 15 U.S. markets tracked by BDSA, reflecting typical post-holiday patterns amid ongoing industry challenges.
BusinessEast Coast cannabis dispensaries saw Green Wednesday-level sales as customers stocked up before a major winter storm hit four states, signaling the industry's growing mainstream status.
BusinessCanadian cannabis sales hit C$477.9M in November, up 6.6% from October. More significantly, per-day sales jumped 10.2%, suggesting stronger consumer demand as the legal market matures.
BusinessArkansas medical marijuana sales reached $291 million in 2025, up $15 million from 2024 and setting a new state record despite operating under a limited-license program.
BusinessMichigan dispensaries sold record cannabis volume in 2025 but revenue fell $113M to $3.17B as price compression outpaced increased sales, marking the market's first year-over-year decline.
BusinessMontana's cannabis retailers have sold over $1 billion in adult-use products since January 2022, with 2024 setting a new annual record of $327 million in total sales.
BusinessMontana's recreational cannabis retailers have sold over $1 billion in product since adult-use sales began in January 2022, generating $217 million in state tax revenue.