MjLink

Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January - 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

Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Cannabis Business Times Marijuana News Tuesday, 25 February 2020
1 minute reading time (249 words)

Tax revenue from Illinois adult-use cannabis sales surpassed $10 million in January, according to a Chicago Tribune report.

Illinois collects sales tax, as well as an additional cannabis tax, on adult-use sales, and January sales brought in more than $3.1 million in sales tax revenue and more than $7.3 million in cannabis tax revenue, the news outlet reported.

At this rate, the state is on track to top Gov. J.B. Pritzker’s budget estimates, which projected that the state would collect $28 million in cannabis tax revenue before June 30, according to the Chicago Tribune.

Adult-use cannabis sales reached nearly $40 million in January, after legal sales launched Jan. 1.

RELATED: Cannabis Industry, Chicago Alderman Respond to End of Prohibition in Illinois

Several dispensaries were forced to halt adult-use sales the very next week due to supply issues, while others placed purchase limits on adult-use sales to ensure they had enough supply for medical cannabis patients.

Some cannabis operators in the state have suggested that sales could have been higher if not for these supply shortages, the Chicago Tribune reported. Many dispensaries continue to sell to the adult-use market only on certain days of the week or during restricted hours, according to the news outlet, and the shortage is expected to last for at least a year.

Illinois plans to use the taxes generated from the industry, in part, to fund regulation and to invest in communities that have been disproportionately impacted by prohibition, the Chicago Tribune reported.

Original link

  • 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