- Illinois earned nearly $70 million from marijuana sales in the final quarter of 2023
- 23 states and Washington, D.C. have legalized recreational marijuana, generating over $3 billion in tax revenue in 2022
- States generated a combined $457.7 million in the final quarter of 2023
- California earned $160 million, Washington earned $113.4 million, Michigan earned $73.1 million, Illinois earned $69.1 million, and Colorado earned $60.1 million
- Illinois residents 21 and older can possess 30 grams of cannabis and 5 grams of concentrated products
- Illinois has a 10% tax on retail cannabis sales for products with THC levels below 35%, 25% for those above 35%, and 20% for infused products
- Illinois collected $417.6 million in taxes from adult-use dispensaries in 2023
- Rockford, Illinois has three marijuana dispensaries but cannot publicly share tax revenue figures due to state law restrictions
Source: eu.rrstar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
