CHICAGO (WGN) — Sales for recreational marijuana in Illinois generated more than $10 million in tax revenue in January, according to the Illinois Department of Revenue.
Nearly $40 million worth of marijuana was sold in the state’s first legal month of sales.
“Once administrative fees are accounted for, 45% of the adult-use cannabis tax revenue will be reinvested in communities disproportionately impacted by the failed war on drugs and used to fund substance abuse and mental health programs,” the Illinois Department of Revenue said.
Last Wednesday, Gov. JB Pritzker released his 2021 budget, which projected cannabis sales would generate $28 million in cannabis tax revenue for the remainder of the 2020 fiscal year.
Governor Pritzker weighed in on the numbers.
We had a tremendous result of revenue for the state. I think more than people expected. I believe that’s going to continue. Very importantly, much of that revenue will go to some hugely important things like mental health services across the state, substance abuse training, also to pay for our backlog of bills in the state, which is grown to an enormous number. Although we’ve worked it down over the last year by a billion dollars, we have more to go. So, I’m happy that we were able to collect some revenue from it.Governor J.B. Pritker