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  • The Marijuana Herald

    Illinois Marijuana Sales Surpass $165 Million in September, Bringing Year-to-Date Total Above $1.5 Billion

    By Anthony Martinelli,

    2 days ago

    The Marijuana Herald - Marijuana news and information

    Illinois’ legal marijuana market remained steady in September, with licensed retail outlets and dispensaries selling $167.9 million worth of product, according to data from the Illinois Cannabis Regulation Oversight Officer.

    https://img.particlenews.com/image.php?url=0U40Eu_0vvyNqNA00

    Approximately 85% of these sales were made by recreational consumers, while medical marijuana purchases accounted for 15% of the total. Nearly one in four recreational marijuana purchases was made by non-residents, with Illinois residents responsible for around 77% of the sales.

    Year-to-date, marijuana sales in Illinois have surpassed $1.5 billion, generating over $275 million in tax revenue.

    The average price per gram of dried marijuana remained steady at around $9 per gram.

    Illinois legalized marijuana in 2019. The law allows those aged 21 and older to purchase up to 30 grams of dried marijuana, 5 grams of marijuana concentrates, and up to 500 milligrams of THC in marijuana-infused products if they reside in the state. Non-residents are allowed to possess half these amounts.

    The tax rate for marijuana ranges from 10% to 25% depending on the product. This is in addition to the state’s 6.25% sales tax, along with local taxes of up to 3.5%.

    After covering the costs of running the state’s marijuana program, tax revenue is distributed as follows:

    • 35% to the General Revenue Fund
    • 25% to the Recover, Reinvest, and Renew (3R) Program
    • 20% to mental health services and substance abuse programs
    • 10% to pay unpaid bills
    • 10% to the Local Government Distributive Fund, for prevention and training for law enforcement
    • 2% to public education and safety campaigns

    The post Illinois Marijuana Sales Surpass $165 Million in September, Bringing Year-to-Date Total Above $1.5 Billion appeared first on The Marijuana Herald .

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    Adam A. McMullin
    1d ago
    So why is no money ever paid to the states' debt that just passed a billion dollars this year??
    Illinois Lifer
    1d ago
    Hmmm…wonder if there is a connection between legalized pot and highest unemployment rate 🤔
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