MjLink

Illinois Collects More Than $52 Million in Cannabis Tax Revenue During First Six Months of Legal Adult-Use Sales - MjLink Cannabis Business News and Press

MjLink Cannabis Business News and Press

Cannabis Industry Business Professionals Blogs, Press Releases and News Articles from the best journalist in the industry. Stay updated on all news from many online cannabis news outlets, on MjLink.com

Illinois Collects More Than $52 Million in Cannabis Tax Revenue During First Six Months of Legal Adult-Use Sales

Cannabis Business Times Marijuana News Wednesday, 15 July 2020
1 minute reading time (154 words)

Illinois collected roughly $52.8 million in cannabis tax revenue during the first six months of legal adult-use sales, according to a Chicago Tribune report.

The state collected roughly $34.7 million in cannabis excise taxes and $18 million in sales taxes, the news outlet reported. A portion of the sales tax revenue will be shared with local governments, according to the Chicago Tribune, while about $25.9 million will be deposited into the state’s general fund, with a portion earmarked for reinvestment into communities impacted by the war on drugs.

The figures shatter Gov. J.B. Pritzker’s budget estimates, which predicted the state would collect $28 million in cannabis tax revenue by June 30, the news outlet reported.

Illinois’ cannabis sales surpassed $47 million in June, which set a new record for the highest monthly sales figures in the state.

Total adult-use cannabis sales have topped $239 million since sales launched Jan. 1, the Chicago Tribune reported.


  • Previous
  • Next

About the author

Cannabis Business Times

Author's recent posts
More posts from author
Monday, 03 November 2025 Closing Farm Bill ‘Loophole’ Would Help Hemp Industry ‘Thrive,’ Minnesota AG Says
Monday, 03 November 2025 Borealis Opens State-of-the-Art Cultivation, Production Facility in Connecticut
Monday, 03 November 2025 InterCure, Cannasoul Partner to Advance Cannabis Science, Pharmaceutical Innovation
Monday, 03 November 2025 Curaleaf Launches 5th Annual 'Feed the Block' Fundraiser to Combat Food Insecurity in US
Monday, 03 November 2025 Planet 13 Divests California Dispensary, Closes Cultivation Facility
Monday, 03 November 2025 Cannabis Consumer Survey Shows Digital Conveniences Driving Purchasing

Related Posts

Closing Farm Bill ‘Loophole’ Would Help Hemp Industry ‘Thrive,’ Minnesota AG Says

Marijuana News

Borealis Opens State-of-the-Art Cultivation, Production Facility in Connecticut

Marijuana News

InterCure, Cannasoul Partner to Advance Cannabis Science, Pharmaceutical Innovation

Marijuana News

Curaleaf Launches 5th Annual 'Feed the Block' Fundraiser to Combat Food Insecurity in US

Marijuana News

Planet 13 Divests California Dispensary, Closes Cultivation Facility

Marijuana News

Cannabis Consumer Survey Shows Digital Conveniences Driving Purchasing

Marijuana News

Copyright ©2026 MjLink


main version