By 420 Intel on Wednesday, 27 July 2022
Category: Business News - 420 Intel

Marijuana revenue doubles in Illinois - State 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."

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(Originally posted by Harley)

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