A recent study reported that Illinois generated $175 million in marijuana sales taxes in 2020, the fifth most in the nation.
Currently, 16 states and Washington, D.C., have now fully legalized marijuana, and 11 have retail sales taxes, according to the study released by U.S. Drug Test Centers. Also, adult and youth usage of marijuana also increased in 2020.
Illinois originally awarded 75 licenses for marijuana dispensaries in 2020, and there is a proposed bill that would more than double the number of licenses and give the poor and minorities a chance to enter the industry after being excluded in the first round, according to published reports.