Illinois dispensaries sold more cannabis products over the past year, but falling prices and frequent promotions helped push industry sales revenue down by about $500 million, according to state figures released Oct. 12. Total dispensary sales reached about $1.5 billion in fiscal year 2026, compared with nearly $2 billion the previous year. The Illinois Department of Financial and Professional Regulation’s Cannabis Regulation and Oversight Office said a growing supply of legal cannabis and price promotions contributed to the decline. Sales by volume continued to rise. More than 5 million adult-use items were sold in July, a monthly record, and nearly 4.9 million were sold in August — 9% more than in August 2025. The state office cited expanded dispensary access and a larger number of stores as factors behind the increase. Cannabis taxes brought in more than $456 million for the state, down from $474 million the year before, according to the Illinois Department of Revenue. The state also issued 29 new dispensary licenses during the year. The latest figures come after the Illinois Hemp Act took effect in June. The law adds safeguards intended to keep hemp and cannabis products away from minors and creates licensing standards for CBD manufacturers. It also allows more dispensaries to serve medical cannabis patients, including people verified through telehealth, and permits curbside and drive-through sales. Cannabis Regulation Oversight Officer Erin Johnson said the figures offer a snapshot of the industry as the state begins to see the effects of recent reforms. She said the law has opened medical sales to all dispensaries, updated possession limits and reduced regulatory burdens for cannabis businesses.