It's not just a couple of million dollars more, either. The Illinois Department of Revenue says that sales of recreational weed has produced nearly $121 million in tax revenue for Illinois, compared to about $99 million for wine, beer, and/or spirits.
I'm sure that you'll recall that recreational weed sales started in Illinois in January of 2020. MedicalMarijuana.net reports that total sales numbers, including both medical and recreational, topped $1 billion dollars by December. That’s over 14.5 million products sold, and 25% of …
When recreational marijuana sales became legal in Illinois last January, there were many thoughts and projections centered around the amount of money the new pot laws would bring into Illinois' coffers. In particular, many of us wondered about tax money generated by weed sales.
I've heard lots of people ask where the tax money from the sales of recreational marijuana products here in Illinois is going. With sales of nearly a billion dollars in 2020, we've got to have a pretty decent pile of cash to spread around, wouldn't you think?