In June, Illinois saw $166 million in legal marijuana and marijuana products sold, according to the Illinois Department of Financial and Professional Regulation.
This figure represents a modest decrease compared to May’s sales of $170.6 million, a difference of $2.6 million between the two months.
Breaking down the numbers, June’s sales included $144 million in recreational marijuana and $24 million in medical marijuana. Despite the month-over-month decrease, June 2024 sales surpassed those of June 2023 by about $12 million, indicating a year-over-year growth.
$32.6 million of the recreational marijuana sold in June was purchased by out-of-state visitors, while Illinois residents accounted for $109.1 million. The sales data encompasses a wide range of products, including dried marijuana flower, concentrates, edibles, and topicals.
The average price per gram of dried marijuana dropped slightly in June to $9.20, down from $9.29 in May. However, marijuana concentrates saw a slight increase in price, rising from $58.32 to $58.41.
Year-to-date marijuana sales in Illinois have now reached an impressive $1 billion, showcasing the robust growth of the state’s cannabis market since its legalization in 2019. The law permits residents aged 21 and older to purchase up to 30 grams of dried marijuana, 5 grams of marijuana concentrates, and up to 500 milligrams of THC in marijuana-infused products. Non-residents are allowed to possess half these amounts.
The tax rate for marijuana ranges from 10% to 25% depending on the product. This is in addition to the state’s 6.25% sales tax, along with local taxes of up to 3.5%.
After covering the costs of running the state’s marijuana program, tax revenue is distributed as follows:
- 35% to the General Revenue Fund
- 25% to the Recover, Reinvest, and Renew (3R) Program
- 20% to mental health services and substance abuse programs
- 10% to pay unpaid bills
- 10% to the Local Government Distributive Fund, for prevention and training for law enforcement
- 2% to public education and safety campaigns
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