Illinois’ cannabis industry hit $2 billion in total sales in 2024, generating $490 million in tax revenue, marking another year of growth since recreational cannabis was legalized in 2020.
A new report from data platform Headset has revealed that Illinois has some of the highest-priced cannabis products in the United States.
On June 7, the Illinois Governor signed a new budget bill which includes a range of provisions for cannabis businesses for the first time.
New York senate passes bill to let cannabis businesses in New York city take local tax deductions prohibited under federal law New York’s Senate has approved a bill that would provide tax relief to New York City cannabis businesses, reports Marijuana Moment, noting that, before the passing of the bill, those cannabis businesses were blocked…
It’s been a little more than a year since Illinois legalized adult-use cannabis, and the state is already celebrating the tax revenue boost — 26% of which came from out-of-state shoppers last year, according to Leafly.
A Chicago Tribune story published Tuesday says federal investigators are “scrutinizing” Green Thumb Industries’ (GTI) activities in Illinois and other states for evidence of a “pay-to-play” scheme to obtain state licenses to operate.
