Illinois’ Medical Marijuana Program Sees February Growth

The AP reports that Illinois’ medical marijuana sales reached nearly $1.5 million in January sales, up from the $1.2 million number achieved in January.

The cause of this noticeable rise in sales is twofold: more patients and one more dispensary. The state served 3,042 patients in February, up from January’s 2,774 patients, indicating that the program’s members are becoming more comfortable with this modern form of medicine.

Moreover, the state added another dispensary to the mix, raising the total of medical marijuana clinics in Illinois to 29. That one dispensary could very well be responsible for the nearly 300 person increase in patients.

Additionally, the state sold saw a major increase in edibles and concentrate sales, as that number rose from $132,000 in January to $362,000 in February. Clearly, patients have become confident in consuming cannabis in these different, edible and hash forms.

Likewise, because of the increased sales, tax dollars collected from the sales rose from $66,000 in January to $83,000 in February. While it’s mostly good news for Illinois, the state has one mild head-scratcher: of the total 4,800 registered patients in Illinois, only 3,042 purchased medical marijuana in February.

That number means 1,508 patients who qualify for the program and are not yet utilizing the program’s medical benefits. Perhaps some of these patients live an inconvenient distance from the 29 dispensaries and will benefit when one opens closer to them.

Illinois’ nascent medical marijuana program began serving patients on November 9, 2015, and has now reached $4.4 million in total sales with the average price of a gram checking in at $14. As more dispensaries open and the industry matures, expect all of these sales numbers to continue a steady ascent.

 

Posted In: Cannabis Industry