The state of Illinois only began legal marijuana sales at the beginning of the year but already sold $39 million worth of the plant in January alone.
The state reported $10 million in cannabis tax revenue for the month of January according to a report from Gov. JB Pritzker’s office reported on Feb. 24th.
Now after two months of sales, there is over $1 million dollars worth of legal cannabis being sold each day.
“Today marks another milestone in the successful launch of Illinois’ legal cannabis industry. Our goal has been to build the nation’s most socially equitable program that includes new opportunities for the communities most harmed by the failed war on drugs. Revenue raised in this first month will soon begin flowing back into those communities to begin repairing the damage done by the failed policies of the past and creating new opportunities for those who have been left behind for far too long,” said Toi Hutchinson, the senior advisor to Governor Pritzker for cannabis control.
Gov. Pritzker expects legal cannabis to generate at least $28 million in taxes through June 30, which is the end of the state’s fiscal year. Then by June 2021, that total is expected to jump 453% to $127 million for the fiscal year 2021.