Illinois Makes More Money from Cannabis Taxes than It Does from Liquor Taxes
When Illinois lawmakers approved recreational cannabis in 2019, they did so hoping that it would prove popular enough to generate taxes to help offset state debt and fund a variety of programs. So far, Illinois residents have come through for them in a big way.
Recreational cannabis has proven extremely popular in Illinois. Even with the pandemic resulting in lockdowns for many months in 2020, marijuana taxes raked in $174.8 million for the state.
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