Illinois Collects $52M in Taxes from Legal Marijuana Sales

Illinois Collects $52M in Taxes from Legal Marijuana Sales

SPRINGFIELD (AP) – The state of Illinois has collected $52 million in taxes from legal adult-use marijuana sales.

Gov. J.B. Pritzker’s office said Tuesday $34.7 million is coming from excise taxes. Sales taxes that will be shared with local governments account for $18 million. Nearly $26 million in excise and sales taxes will be directed to the state’s general fund.

More than $239 million in recreational marijuana has been sold in Illinois since Jan. 1 when it was legalized.

Facebook