News

Illinois Collects Nearly $100 Million More From Marijuana Tax Revenue Than Alcohol In 2021, State Data Shows

The strength of the Illinois market has been astounding since it’s January 2020 launch

Illinois has generated almost $100 million more in tax revenue from adult-use marijuana sales than from alcohol in 2021, state data shows. And cannabis tax dollars have exceeded those for liquor every month since February.

The trend is yet another example of the strength of Illinois’s recreational cannabis market, which launched in January 2020 and has consistently seen record-breaking sales in the months since.

From January to November of this year, Illinois took in about $387 million in marijuana tax dollars, compared to $291 million from liquor sales, according to the Illinois Department of Revenue (DOR). The only month where alcohol tax revenue outpaced cannabis this year was January. The figures

Part of that marijuana tax revenue is actively funding equity initiatives in the state. For example, Illinois officials announced this month that applications are opening for $45 million in new grants—funded by cannabis tax dollars—that will support programs meant to reinvest in communities most harmed by the drug war.

To Read The Rest Of This Article On Marijuana Moment, Click Here

Stay up-to-date!

Get all the news and info straight into your inbox that you need to help grow your business.

Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.

Newsletter

Stay informed with the most up-to-date industry news to help you grow your business: subscribe to our newsletter below!


To Top