The cannabis industry is quickly growing and it is just set to even get bigger this year. 2019 has been quite a year for this business as more states have finally legalized its use, both medical and recreational. Currently, there are already 33 states that allow its medical use and 11 of these states also allow recreational use.
This year started with Illinois becoming the 11th state to legalize its recreational use. It was on New Year’s Day when Illinois first started selling this for recreational purposes and on the next day, Toi Hutchinson, the Illinois governor’s senior advisor for cannabis control announced on a press conference that a total of 77,000 transactions were made on that first day. 77,000 sales accounted for nearly 3.2 million US dollars.
This is pretty similar to how the first day of sales that other states that have legalized its recreational use went. Oregon also made around 3.2 million US dollars on its first day of sales in 2015. Colorado made around 1 million US dollars.
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