Illinois adult-use cannabis sales have increased 106.1% since 2020
Chicago is home to a few of the cannabis industry’s leading players, including publicly traded Cresco Labs, Verano, and Green Thumb Industries, and privately held PharmaCann. They dominate Crain’s new list of Chicago’s Largest Cannabis Companies. And they also ranked high on this year’s Fast 50, which recognizes the city’s fastest-growing companies.
Since Illinois’ legalization of recreational cannabis use in 2019 (with retail sales beginning Jan. 1, 2020), it’s no surprise Chicago’s cannabis companies have seen meteoric growth. In 2021, there was a total of $1.38 billion in Illinois adult-use cannabis sales – a 106.1% increase from 2020.
Crain’s inaugural list, ranked by number of local employees, includes both regionally headquartered companies and out-of-towners with a presence in the greater Chicago area.
No. 1 on the list – and homegrown in Chicago – is Cresco Labs with 1,150 full-time employees in the metro area. The company has six dispensaries in the Chicago area doing business as Sunnyside and two cultivation centers in Illinois. With operations in 10 states, Cresco Labs generated $821.7 million in 2021.
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Original Post: marijuanaretailreport.com