State Says $10.8 Million In Weed Sales In 1st Week

Statewide in Illinois, over 271,169 transactions took place in the first 5 days, or about $40 per sale.

Chicago Sun-Times:

The state made a strong showing on New Year’s Day with nearly $3.2 million in recreation pot sales, followed by $2.2 million on Jan. 2.

Customers stood in line for several hours or more to purchase newly legalized recreational pot.

Over the weekend, though, several Chicago weed dispensaries said they would remain closed due to supply shortages.

Officials have not released data on tax data on the sales, but state taxes on weed products range from 10% to 25% depending on the concentration of THC. Regulators said they would release tax data by the end of February.

By comparison, neighboring Michigan, which made recreational marijuana legal starting December 1st, generated $3.1 million in the first two weeks of sales. First-day sales in Colorado, the first state to legalize marijuana for adult recreational use, were over $1 million on January 1st, 2014.

So, are drive-thru dispensaries coming next?