Jim Belushi Nudges Pritzker To Lower Weed Taxes

“I really think (Pritzker) is on our side. He’s a good guy”

Jim Belushi, the actor and comedian whose latest role is gentleman cannabis farmer and entrepreneur, says he gave Gov. J.B. Pritzker a friendly nudge about taxes on weed.

The state tax rate has long been a hot topic in the weed industry, and Belushi addressed it during the Cannabis Innovation Summit yesterday at startup incubator 1871.

“I had a conversation with Gov. Pritzker, who I really think is on our side. He’s a good guy,” Belushi said. “I said, ‘Last year, you guys collected $417 million in cannabis taxes, and you collected $207 million in liquor taxes. There’s a lot more liquor stores and bars than there are dispensaries.’ ”

Illinois has some of the highest pot prices in the nation because it has kept a tight lid on the number of retail licenses compared to states such as Michigan. Illinois also has some of the highest taxes on marijuana, approaching 40%, depending on the potency of the product. Michigan charges 16%, and Missouri’s tax rate is 10.2%.

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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.


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