Illinois Cannabis Sales See Increase in Latest Fiscal Year

Illinois Cannabis Sales See Increase in Latest Fiscal Year

(IOCI RADIO) – Sales of adult-use cannabis in Illinois jumped by 50% in the last fiscal year.

Recreational marijuana sales climbed to $1.5 billion in fiscal year 2022, generating “major” sales tax revenue for the state, Illinois Department of Revenue Spokesperson Maura Kownacki said.

Under Illinois law, 25% of sales tax revenue from cannabis sales is set aside for communities that are struggling or have been disproportionately affected by past drug laws.

Thus far, the state has awarded more than $113 million in grants to such areas.

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