WebIllinois collected $26.2 million in liquor tax revenue for the same month. Recreational marijuana is taxed at multiple layers, including a 7% wholesale tax, a retail cannabis … WebFeb 24, 2024 · Marijuana-infused products are taxed at 20%. All other marijuana with 35% THC or less is taxed at 10%, and marijuana with THC content higher than 35% is taxed at 25%. Municipalities can levy...
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WebIn addition to that, Illinois marijuana tax revenue reached over $175 million from recreational marijuana sales through December 2024, of which 35% is planned to go to the General … WebJan 4, 2024 · Illinois has reached a marijuana milestone, surpassing more than $1 billion in legal cannabis sales in 2024, new state data shows. It was just one year ago that regulated recreational cannabis sales launched in Illinois, and the state has seen a significant upward trend in purchases in the months since, even amid the coronavirus pandemic.. Now state … fixed wing ultralight training near sf
Illinois Marijuana Laws PotGuide
WebMar 6, 2024 · Possession of 10-100g of ill-gotten marijuana is a legal misdemeanor, a minor offense that carries up to $2,500 in fines or no more than a year of incarceration. Possession of anything more than 100 grams will attract a felony charge that will see you spend up to 15 years in jail, pay up to $25,000 in fines or both. WebDec 23, 2024 · Medical marijuana will still be tax-free. Illinois officials expect legal marijuana sales could generate up to $57 million in tax revenue by the end of the first year, and more than $375 million by 2024. Much of that money has already been earmarked. WebBut high taxes and regulatory blunders have kept Illinois weed between $200 million and $600 million shy of its potential. Gov. J.B. Pritzker is bragging about how marijuana tax … fixed wing under stall