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News Release – Wednesday, February 5, 2025
Pritzker Administration Announces Cannabis Sales Exceed $2 Billion Annually
Pritzker Administration Announces Cannabis Sales Exceed $2 Billion Annually
Total items sold increased 13% from 2023 to 2024, marking four consecutive record-setting years of industry growth
CHICAGO – As the State of Illinois celebrates the fifth anniversary of the legalization of adult use cannabis in Illinois, the Illinois Department of Financial and Professional Regulation (IDFPR) announced today that 2024 marked the fourth consecutive year of record-setting sales. Overall, dispensaries report that more than $2 billion of cannabis product was sold in 2024, a 2.5% increase from last year. The $2 billion of product includes a record-setting $1.722 billion in adult use cannabis sales in 2024, with medical cannabis sales exceeding $285 million. Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue.
“The numbers are clear: five years after we legalized adult use cannabis in Illinois, we’re seeing the economic impact of a thriving cannabis industry,” said Governor JB Pritzker. “With $2 billion in record-setting sales and $490 million generated in tax revenue, our first-in-the-nation equity-focused cannabis industry is the result of my administration’s policies, which prioritized repairing the damage done by the failed War on Drugs, creating more good-paying jobs, and building a safe, equitable, and prosperous business sector—making Illinois by far the national leader in diverse ownership for this industry.”
