State has collected $100 million in cannabis revenue
October 14, 2020
Of the $105.9 million collected in cannabis revenue, at least $16.1 million will be directed to county and local governments with more on the way, according to the Illinois Department of Revenue.
Following the legalization of adult-use cannabis on Jan. 1, the Illinois Department of Revenue (IDOR) has collected over $100 million in tax revenue connected to adult-use cannabis sales.
IDOR finalized its September collections and found the state took in $69.7 million through the Cannabis Regulation Fund, and $36.1 million from state and local sales taxes this year. September collections reflect August sales, meaning this activity took place over eight months.
“Thanks to those who have carefully overseen this brand-new industry’s successful launch in Illinois, revenue is flowing to local governments, to drug treatment programs and law enforcement, and being…
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