Recreational marijuana sales and tax revenue due in Illinois both shot up 50% in the past fiscal year.
Recreational marijuana sales and tax revenue due in Illinois both shot up 50% in the past fiscal year, the state reported.
Gov. J.B. Pritzker issued a statement that a significant part of the money will be “reinvested in communities that have suffered for decades.”By state law, 25% of taxes from cannabis sales go to areas that are poor, violent, or have high rates of drug arrests. So far, Illinois has awarded $113 million in cannabis grants to help underserved communities with programs such as violence prevention and mental health, through the Restore, Reinvest, and Renew Program.
With the state awarding preliminary licenses for 149 new recreational dispensaries Friday, after many delays, sales are likely to continue increasing.
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