Cannabis sales are up in Illinois as the state received nearly $450 million in tax revenue from $1.5 billion in recreational marijuana sales.
According to Governor JB Pritzker, the amount of taxes collected from recreational marijuana sales went from $297.7 million in fiscal year 2021 to $445.3 million this year, an increase of 50% from the same time last year. Overall, recreational pot sales also went up 50%, going from $1 billion to $1.5 billion.
“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. “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.”
– Read the entire article at CBS Chicago.
