Illinois cannabis sales revenue falls as hemp and other states cut into prices for the struggling industry

Only 29 of 86 licensed craft growers are operational, state records show.
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Chicago Tribune

Illinois cannabis sales revenue falls as hemp and other states cut into prices for the struggling industry

For the first time, in a business that was once considered to be like printing money, annual recreational cannabis sales revenue in Illinois declined last year, falling 13%, to $1.5 billion. Medical sales have been declining since 2021. The lower sales reflect falling prices, due mainly to competition from hemp and out-of-state sales.

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