CHICAGO, Ill. (WTWO/WAWV) – Governor J.B. Pritzker announced today that the state has earned over $52 million in revenue from the first six months of Illinois’ new adult-use cannabis industry.
Under the Illinois Cannabis Regulation and Tax Act (CRTA), 25 percent of revenue collected from recreational cannabis sales will be reinvested in communities that have been disproportionately impacted by the justice system, directed to address substance abuse prevention and mental health concerns, and allocated to local crime prevention programs.
“Illinois has done more to put justice and equity at the forefront of this industry than any other state in the nation, and we’re ensuring that communities that have been hurt by the war on drugs have the opportunity to participate,” Governor Pritzker said. “Since January, over $239 million has been spent on recreational cannabis in Illinois translating to $52 million in tax revenue, and a portion of every dollar spent will be reinvested in communities that have suffered from decades of disinvestment.”
Pritzker is also working to expunge the records of non-violent cannabis offenders, and replace them with cannabis-related convictions. For more information on the adult-use legal cannabis industry in Illinois, visit here.