At Least $16 Million Going to Local Governments
Following the legalization of adult-use cannabis on January 1, 2020, the Illinois Department of Revenue (IDOR) has collected over $100 million in tax revenue connected to adult-use cannabis sales. Last week, IDOR finalized its September collections and found the state took in $69.7 million through the Cannabis Regulation Fund, and $36.1 million from state and local sales taxes since January 1, 2020. September collections reflect August sales, meaning this activity took place over 8 months.
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