Grownup-use hashish retailers in Illinois bought a report $1.6 billion price of hashish merchandise in 2023, which generated $416 million in tax income for the state, in response to knowledge from the Illinois Division of Monetary and Skilled Regulation (IDFPR).
“From day one, my administration has put fairness first to construct essentially the most accessible hashish business within the nation. Our work will proceed to restore previous hurt whereas offering alternatives for communities throughout the state and making a extra affluent future.” — Gov. JB Pritzker (D), in a press launch
Officers additionally famous that the gross sales report coincides with a year-over-year decline in out-of-state gross sales. In whole, about $1.2 billion price of hashish merchandise had been bought final 12 months to Illinois residents, which is a 14% improve from 2022 and can also be increased than the expansion of resident gross sales skilled in 2021, the report stated.
“These statistics present encouraging progress that could be a testomony to the laborious work by the Pritzker Administration, lawmakers, and stakeholders in making certain we create a course of that’s accessible to everybody, irrespective of their gender, race, or the place in Illinois they name house,” stated IDFPR Secretary Mario Treto, Jr. -“I’m happy with the simplified utility course of we’ve created to make sure an inclusive hashish business and sit up for welcoming much more professionals to essentially the most equitable business within the nation.”
At present, 177 adult-use hashish dispensaries, together with 67 social fairness licensees, have opened for enterprise in Illinois.
A report final 12 months famous that in 2022, Illinois made $36 million in tax income off individuals from Wisconsin — the place hashish stays totally prohibited — who traveled to Illinois to take part within the state’s authorized hashish business, in response to a report.
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