Record breaking year for adult-use cannabis sales tax revenue in Illinois

Posted on July 26, 2022
Recreational marijuana sales climbed to $1.5 billion in fiscal year 2022. (WJBC file photo)

By IIS Radio

SPRINGFIELD – Sales of adult-use cannabis in Illinois jumped by 50 percent in the last fiscal year.

Recreational marijuana sales climbed to $1.5 billion in fiscal year 2022, generating major sales tax revenue for the state says Illinois Department of Revenue spokesperson Maura Kownacki.

“A record breaking $445 million in tax revenue was collected from adult-use cannabis in fiscal year 2022, which was a 50 percent increase,” said Kownacki.

Under Illinois law, 25 percent of sales tax revenue from cannabis sales is set aside for communities that are struggling or have been disproportionately affected by past drug laws.

So far, the state has awarded more than $113 million in grants to such areas.

WJBC News can be reached at [email protected]

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