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Illinois Cannabis Revenues Jump In State’s Fiscal Year

July 26, 2022

Illinois saw a 50% increase to $445.3 million in total tax reported from adult-use cannabis in its fiscal year ended in June, up from from $297.7 million a year earlier. Total adult-use cannabis sales also rose 50%, increasing from $1 billion to $1.5 billion, respectively. Cannabis tax disbursements to local governments saw a significant jump from fiscal year 2021 to fiscal year 2022, increasing 77% from $82.8 million to $146.2 million.

Governor JB Pritzker said, “The $1.5 billion in sales of adult-use cannabis in Illinois translates into significant tax revenue with a portion of every dollar spent being reinvested in communities that have suffered for decades.” Under Illinois’ adult-use cannabis law, 25% of tax revenue from cannabis sales must support communities that are economically distressed, experience high rates of violence, and have been disproportionately impacted by drug criminalization.—Daniel Marsteller

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