You are here
Home 🌿 Marijuana Business News 🌿 Medical marijuana taxes to Illinois total $57K in 1st month 🌿Medical marijuana taxes to Illinois total $57K in 1st month
Illinois officials say the state's first medical marijuana patients have purchased nearly $801,000 worth of cannabis during the program's first month.
Program director Joseph Wright announced the figures Wednesday. The numbers indicate Illinois has collected roughly $56,550 in taxes from wholesale sales of medical marijuana during the month. Marijuana wholesalers pay a 7 percent tax to the state.
Wright says licensed dispensaries have served 1,713 unique patients. That's nearly half the 3,600 patients who have been approved for the program.
Legal marijuana sales began Nov. 9 in Illinois. There are now 16 licensed dispensaries operating in Illinois.
The first month's dispensary sales figures indicate that the retail price per gram on average was roughly $14 to $15.
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin