Illinois Is Blazing the Trail for Cannabis Profits from “Prohibition Territory”
February 18, 2020 at 05:00 AM EST
It's been just over a month since Illinois has been legally selling recreational marijuana, and the response has been incredible. In fact, in just the first month, Illinois hauled in a total $39.2 million. That puts the state on pace for $470 million in total sales for 2020. This all has to do with Illinois' neighbors... Bordering Wisconsin, Iowa, Missouri, Indiana, and Kentucky, Illinois is in the perfect spot to capture the money people want to spend on legal, tested, and safe products. It's become an "oasis" in prohibition land. And it's proof of the profitability of a safe, regulated, market. And it's proof of the profitability of a safe, regulated market. After the first year of legal recreational sales, it's going to be a wakeup call for the states dragging their feet, which is a huge catalyst for change - and profits... Tags: Marijuana Industry To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Illinois Is Blazing the Trail for Cannabis Profits from “Prohibition Territory” appeared first on Money Morning - We Make Investing Profitable .
