The Illinois Department of Revenue has announced that the State has collected over $100 million in tax revenue connected to the sale of cannabis including over $69 million through the Cannabis Regulation Fund and 36 million from state and local sales taxes. Illinois Department of Revenue Sam Salustro says that $16 million will be going to local governments.
Salustro says that there are two ways the State collects the taxes.
Nearly 50% of revenues collected will be used towards the Restore, Reinvest, and Renew Program to help communities that have been impacted disproportionately by the justice system. The program also announced that counties and local governments could begin imposing an additional levy on adult-use cannabis sales that based on July sales is expected to total nearly $3 million.