Recreational marijuana sales in Illinois generated more than $10 million in tax revenue in January

Recreational marijuana sales in Illinois generated more than $10 million in tax revenue in January, putting the state on track to surpass Gov. J.B. Pritzker’s budget estimates.

The state collects sales tax and an additional cannabis tax on recreational marijuana sales. January sales generated more than $7.3 million in cannabis tax revenue and more than $3.1 million in sales tax revenue, according to the Illinois Department of Revenue.

Pritzker’s budget estimated the state would collect $28 million in cannabis tax revenue before June 30.

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Source: Chicago Tribune