Cannabis in Illinois

Recreational Weed Sales Net $10M in Tax Revenue in 1st Month

Dispensaries across the state sold nearly $40 million in recreational pot in January

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The Chicago Zoning Board of Appeals is expected to look at applications for potential new dispensaries to sell recreational weed, according to Block Club Chicago.

The Illinois Department of Revenue is reporting the sale of recreational marijuana in Illinois generated $7.3 million in cannabis tax revenue last month.

In addition, the department says an additional $3.1 million was generated in retail sales tax revenue.

A moratorium will keep recreational pot out of some suburbs for some time, but another suburb is debating a ban on cannabis sales in its downtown.

Dispensaries across the state sold nearly $40 million in recreational pot last month.

In his fiscal year 2021 budget released last week, Gov. J.B. Pritzker projected marijuana sales would generate $28 million in cannabis tax revenue for the remainder of fiscal year 2020, which ends June 30.

Illinois officials estimate that as the industry matures, marijuana sales will grow to $127 million in fiscal year 2021.

Copyright AP - Associated Press
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