June was the best month yet for Illinois marijuana dispensaries
Illinois marijuana dispensaries sold more than $47.6 million worth of products in June, according to the Illinois Department of Financial and Professional Regulation.
During that time, 994,545 items were sold, averaging almost $48 per purchase, not including taxes. Tax figures will be released later this month by the Illinois Department of Revenue.
The state most recently received $12.5 million in marijuana taxes and associated sales taxes in May, according to IDOR. That brings the state’s tax collections from marijuana legalization to $52.7 million for the five months of operation. That’s well above the $28 million estimated in this year’s budget, which ended June 30.
Towns and counties that allow marijuana sales began adding their own taxes at the beginning of this month for the first time, which will generally increase the purchase price between 3% and 3.75%.
Since legalization began…