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BDSA: Cannabis sales will near $31B, up 41% YoY – BizWest
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1st Security Bank Partners with StrategyCorps to Enhance its Consumer Checking by Providing Rewards and Benefits to Customers
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1st Security Bank Announces The Adoption Of Digital Wallet Payments
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1st Security Bank Announces The Adoption Of Digital Wallet Payments
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AP
Even as legal weed sales in Illinois continue to shatter records nearly 18 months after they kicked off, the illicit pot trade is still dominating a total statewide market some experts have valued at over $4 billion.
New Frontier Data, a cannabis industry research firm headquartered in Washington, D.C. estimates that black market pot sales here will top $2.2 billion this year. Meanwhile, BDSA, another pot research firm based in Colorado predicts more than $1.7 billion in illegal sales.
Those numbers are expected to outpace the surging totals for recreational and medical marijuana sales which surpassed $1 billion last year and reached nearly $680 million by the end of May by hundreds of millions of dollars. New Frontier Data projects nearly $1.9 billion in legal sales by year’s end, while BDSA offered a more modest estimate of $1.2 billion.