February 25, 2020

The Chicago Tribune: Recreational marijuana sales in Illinois generated more than $10 million in tax revenue in January

media mention

Many dispensaries continue to sell recreational marijuana only on certain days of the week or for restricted hours. Though greater volumes of product continue to filter into the market from Illinois growers, the statewide shortage is expected to last for a year or more.

Facilities that grow weed are expanding, and dozens of dispensaries are expected to open this year around the state. As more product becomes available and sales increase, so too will tax revenues, as they have in other states, Auxier said.

But once sales even out, the state could find itself in a less desirable situation, said Carl Davis, research director at the Institute on Taxation and Economic Policy. Read more



Share