Cannabis sales in Illinois jumps 50-percent last year
Sales of adult-use cannabis in Illinois jumped by 50% in the last fiscal year.
Illinois Department of Revenue spokesperson Maura Kownacki says recreational marijuana sales climbed to one $1.5-billion in fiscal year 22 generating major sales tax revenue.
“A record breaking $445 million was collected from adult use cannabis in 2022, which was a 50% increase.”
Kownacki says 25% of that is earmarked for disadvantaged communities.
“The state has awarded $113 million in grants using funds generated from the taxes on adult use cannabis to support and invest in underserved communities throughout the state.”
Kownacki says the sales tax revenue has also been good for local governments which received disbursements totaling over $146-million.
Cannabis sales in Illinois jumps 50-percent last year
About Cannin: Your Cannabis Stocks Resource
78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.
Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. In fact, we aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021.
Use Cannin as your resource for:
Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.
Are you looking to buy stock in hemp companies or marijuana companies for 2021? If so, are you interested in new penny hemp stock companies? Or, looking for the best Canadian cannabis stocks to invest in? Maybe, you’re looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.
Are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?
Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.
- +34% Gains in 2022
- +56% Gains in 2021
- +30% Gains in 2020
- +49.8% Gains in 2019
- Backtested since 2012
In fact, we’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one week risk-free trial to see it for yourself.
Profit from the best cannabis stocks – we’ll show you how at cannin.com.
