Illinois rakes in $369.7 million in cannabis taxes

The state of Illinois finished the previous fiscal year with more than $317 million in cannabis taxes. That far eclipsed the $52.7 million the state collected for the previous year with just six months worth of sales.

Illinois legalized adult-use cannabis with the first legal sales beginning in January 2020. The state has reported continued growth in total sales month after month since then, despite the COVID-19 pandemic and the governor’s orders closing most in-person business for more than two months in the spring of 2020.

The Illinois Department of Financial and Professional Regulation reports total sales for May 2021 were nearly $116.4 million. That’s nearly $1.5 million more than was sold in April.