Illinois Cannabis Among Most Expensive Weed in America

Discussion in 'General' started by Vee, Aug 21, 2023.

  1. @Dizzy
    During the first six months of 2023, Illinois sold over $950 million in total cannabis sales, making Illinois home to the third largest cannabis market in the U.S., with only California and Michigan with larger markets. Population-wise, Illinois is the sixth largest state in the country, however a limited number of brands pose several challenges to the state.

    The report, “A Deep Dive into the Illinois Cannabis Market,” is designed to examine the state’s cannabis market with analytical data on thousands of products to determine how it compares to other states. Headset focused on a few key areas, including sales growth, product category popularity, pricing, basket analysis, and demographics.

    Since Illinois is home to only 118 brands, the state is home to high market consolidation with 68% of sales coming from only 10 top brands. Illinois will soon be issuing 55 new retailer licenses to expand access to its domestic market. Currently, the state is home to 120 licensed retailers—very low compared to other states.

    Headset reports that the category of pre-rolls—typically one of the fastest-growing categories—is the most underrepresented category in this market, clocking in at over four percentage points lower than the national average. “The category represents an area of opportunity in Illinois as Pre-Rolls in the state have seen sales increase 5.6% in the last year,” Headset reports. “In Illinois, 27% of total sales come from vertically integrated products. This is the third highest of any currently tracked state behind only Colorado (28%) and Massachusetts (44%).

    “Prices in Illinois are among the highest in the country,” Headset reports. “The average item price in Illinois is currently 89% higher than the rest of the US market. Consumers over the age of 41 typically account for 36.4% of sales, however, in Illinois they capture 42.1% of total sales.”

    The data was collected from real-time sales reporting by participating cannabis retailers via their point-of-sale systems. Headset stipulates, however, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or human error.

    State leaders, however, are taking action to fix some of the problems that are evident in the Illinois market. For example, Illinois is the next state to allow licensed cannabis businesses to take tax deductions under Section 280E.

    Illinois Gov. J.B. Pritzker recently signed a budget bill on June 7 that includes provisions for the cannabis industry, specifically regarding establishing funds dedicated for cannabis businesses and allowing them to take tax deductions.

    The Fiscal Year 2024 State Budget bill includes the Cannabis Regulation and Tax Act which addresses issues with cannabis businesses not being allowed to make tax deductions under Section 280E.

    The budget bill also includes a provision that creates the Cannabis Business Development Fund that is aimed at helping cannabis business owners in Illinois, a fund would “provide low-interest rate loans to Qualified Social Equity Applicants” to pay for expenses such as “starting and operating” a cannabis business (and compensate the Department of Commerce and Economic Opportunity for costs related to those low-interest loans or grants).

    The fund would also pay for outreach “targeted to attract and support” social equity applicants, as well as research involving “minorities, women, veterans, or people with disabilities in the cannabis industry.”
    according to a new report by Headset.

    time to grow ya own I think you do anyplace ....lol
     
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  2. i have a friend in chicago the one that got me started growing anyways he still gets like 320 for an ounce of his stuff where i am the price of the stuff coming from michigan is like 120 an ounce big difference for sure
     
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  3. ROAD TRIP to the windy city? :weed: Hang on were coming.
     
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  4. you need to copy his methods more so if hes organic is much fun
     
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  5. He does hydro I may delve into that
     
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  6. I Like The Brands We Got In The Dispensarys Here But Mainly Me An My Hubs Grow Our Own So We Can Have Whatever Strains We Want & As Much As We Want Of It. Money Notta Issue When We Do Go To The Dispos Here Tho. They Got Some Fire Too NGL.




    ~Toni~
     
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  7. Keep that grow going Dizzy saves much cash I should think
     
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  8. We Will Be. My Man Has Taught Me So Much Bout Growin Weed.




    ~Toni~
     
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  9. I bet the biggest part of that revenue is from Indiana. Even the rental cars in Evansville smell like weed according to one review on Google. I finally told my daughter that I'm moving out. Back to Owensboro. She said and I quote, "No you're not. You can't live on your own. You have Alzheimer's." My appointment is Thursday, I will see what the neurologist says then. Can she force me to stay with her?
     
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  10. Illinois has the shit. I love there weed hash wax vapes candy.
     
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  11. #11 Vee, Aug 23, 2023
    Last edited: Aug 23, 2023
    I dunno the law in your state but she could push for a court(care) order, IMO time to check that out,

    my distant neighbor at 85yo has it and just moved in with her daughters family, seems genetic
    a classy lady but knew she was gonna fade but even me was caught out how fast it came on

    stay well...stay free
     
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  12. I will check it out. Thanks, Vee.
     
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  13. Live free and enjoy your life, while you’re free. Tell your daughter. To get you when your not
     
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  14. I want to enjoy the pleasures of this life while I can. I only partied between the ages of 16 and 19. After that, I stopped to raise my kids. Now that they are grown I want to sample the forbidden fruit so to speak before it is time for me to go home to heaven.
     
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  15. Sounds like they forgot to focus on taxes.
     
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  16. I hope you find what you want and looking for :)
     
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  17. Me too. I hate to leave my daughter but as long as it's not legal in Indiana, I can't stay here. And my daughter wants to control my every move so that is a big nope on my part.
     
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  18. I’m sure she just loves you and wants the best for you. She wants you to be safe and she probably wants you to stay with her for as long as possible
     
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  19. I just drove from Tennessee to metropolis IL yesterday, 2 hours each way. I fuck with street products, but go to the dispo, which is expensive as fuck, to get concentrates and shit I can't get anywhere else. 2g hash oil, 3.5g bud ....$203 including veteran discount.

    I'm high as fuck.
     
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  20. That is true. I'm sure she does love me and I don't really want to leave but if I want a glass of wine at night, I'm going to have it. When I was living with my mom, she didn't allow alcohol in the house because her step-father was a raging alcoholic, as was her older son, and my dad's brother and sister were alcoholics. But she just didn't get it. She thought that the reason why my brother was an alcoholic and drug addict was because when he was 14, someone gave him liquor. No, that's not the reason why. You become addicted to cover the pain from childhood trauma. And that is another story that I'm not ready to lay bare on this forum.
     
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