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State collects $10 million in tax revenue during first month of adult use cannabis

The Illinois Department of Revenue announced on Monday that adult-use cannabis sales generated $7.3 million in cannabis tax revenue during the month of January, with an additional $3.1 million generated in retail sales tax revenue. 

Gov. JB Pritzker’s recently released budget estimated the state would collect $28 million in cannabis tax revenue during the remainder of the fiscal year, ending June 30. The January figures suggest the state is on track to surpass that estimate.

Once administrative fees are accounted for, 45 percent of the adult-use cannabis tax revenue will be reinvested in . . .

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