I've heard lots of people ask where the tax money from the sales of recreational marijuana products here in Illinois is going. With sales of nearly a billion dollars in 2020, we've got to have a pretty decent pile of cash to spread around, wouldn't you think?
The dollars coming in to the state from Illinois residents buying legal recreational marijuana continue to rise month-over-month, and sales to those across state borders are really jumping.
If you recall earlier this year, arguments raged back and forth over whether marijuana dispensaries should be labeled "essential" during the pandemic shutdowns across the country.
$34.8 million is less than the $39.2 million in January sales, but analysts say that Illinois' recreational marijuana market holds promise for continued growth.