First 8 Months of Illinois’ Adult-Use Cannabis Sales Generate More Than $100 Million in Tax Revenue
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First 8 Months of Illinois’ Adult-Use Cannabis Sales Generate More Than $100 Million in Tax Revenue

Sales hit a new monthly record of nearly $68 million in September.

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October 15, 2020

The first eight months of adult-use cannabis sales in Illinois have generated more than $100 million in tax revenue, according to the Chicago Sun-Times.

Total adult-use sales have reached more than $431 million since launching in January, reaching a new monthly record of nearly $68 million in September.

Adult-use cannabis sales have generated nearly $70 million through the state’s Cannabis Regulation Fund and an additional $36 million from state and local taxes between January and August, the Chicago Sun-Times reported.

Nearly half of the tax revenue collected through the Cannabis Regulation Fund will be reinvested to support communities that have been disproportionately impacted by prohibition or directed to mental health and substance abuse programs, according to the news outlet. An additional $16 million will be provided to county and local governments.