skip to Main Content
Marijuana tax revenue doubles in Illinois, cannabis sales surpass $1.5 billion

Illinois has seen a 50% increase in cannabis tax revenue since last year, thanks to the booming adult-use cannabis industry.

Gov. J.B. Pritzker’s office said Monday that adult-use cannabis sales exceeded $1.5 billion so far this year.

“Illinois has done more to put justice and equity at the forefront of this industry than any other state in the nation and has worked to ensure that communities hurt by the war on drugs have had the opportunity to participate,” Pritzker said in a release. “The $1.5 billion in sales of adult-use cannabis in Illinois translates into significant tax revenue with a portion of every dollar spent being reinvested in communities that have suffered for decades.”

Cannabis tax disbursements to the local governments climbed from $82.8 million in 2021 to $146.2 million in 2022 — a 77% increase.

The state saw total tax reported from adult-use cannabis increase from $297.7 million in 2021 to $445.3 million in 2022. Total adult-use sales increased from $1 billion to $1.5 billion in the same timeframe.

According to the state’s Cannabis Regulation Oversight Officer website, more than 30 existing medical marijuana dispensaries were issued licenses to sell adult-use cannabis. To see if any locations sell adult-use near you, visit the state’s website.

[Read more at The Telegraph]
This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Oregon to crack down on illegal pot growers by holding landowners responsible

Oregon has long been known as a mecca for high-quality marijuana, but that reputation has come with a downside: illegal growers who offer huge amounts of cash to lease or buy land…

Rhode Island courts expunge more than 23k pot cases under new legalization law

Rhode Island court officials announced Thursday they had expunged more than 23,000 marijuana possession charges as required under the state’s new legalization law. “The automatic expungement of marijuana charges has…

New Mexico launches educational campaign on responsible cannabis use

NM campaign scheduled to run in June with media budget of $400K After more than a year of recreational marijuana sales, New Mexico is rolling out its first campaign to…

Connecticut Senate Passes Last-Minute Bills Regulating Hemp, Updating Cannabis Laws

A multi-section bill containing an array of changes to Connecticut’s cannabis regulations that was passed by the Senate this week included language intended to close loopholes in existing law that…

More Categories

Back To Top
×Close search