Illinois adult-use cannabis stores face more shortages

Recreational marijuana sales in Illinois could be hurt by a surge in medical cannabis applicationswith the Jan. 1 launch of adult-use sales.

More than 2,570 people applied for medical marijuana cards Jan. 1-17, nearly a 34% jump from Dec. 1-17, the Chicago Tribune reported.

Regulators earlier in January warned marijuana retailers they are required to keep enough product on hand for MMJ card holders, which means the stores might not have enough recreational product to meet demand.

Some marijuana stores already have had to temporarily closebecause they didnt have enough product.

The increase in medical marijuana card applications is likely a way to avoid paying sky high taxes on recreational cannabis, the Tribune reported.

Marijuana Business Daily projects recreational marijuana sales in Illinois could hit $2.5 billion annually.

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Originally posted on Illinois adult-use cannabis stores face more shortages via Cannabis Industry News