According to a new study, the demand for marijuana in Illinois could be stupendous.
The study, which was conducted by Colorado marijuana consulting firm Freedman & Koski, is calling for Illinois to have an annual marijuana market that may be between $1.69 billion and $2.58 billion.
Measured by weight, annual consumption could amount to 350,000-550,000 pounds, the report said.
If Illinois were to legalize recreational marijuana, the big money wouldn’t be seen right away. The study concludes, “In every market that has come on line, there has been a steady windup before supply met demand and consumers made the full transition from the illicit market to the legal market.”
Medical marijuana has been legal in the state since 2013.