In November, there was over $172 million worth of marijuana and marijuana products sold legally in Illinois
The $172.8 million in legal marijuana sales in November was more than any other month in 2024, according to the Illinois Cannabis Regulation Oversight Officer. This brings the year-to-date total to nearly $1.7 billion.
Of the $172.8 million in marijuana sold in November, $149.3 million was purchased for recreational use, with medical marijuana patients purchasing $23.5 million worth of product. $32 million of the recreational marijuana sold was purchased by those living outside of the state.
Marijuana prices dropped slightly, with the average cost of a gram of dried marijuana flower reaching an all-time low of $8.63. The price of concentrates also reached a new low of $52.76, down from $53.88 in October.
Illinois legalized marijuana in 2019, allowing those 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 on marijuana products varies between 10% and 25%, depending on the type of product, and is supplemented by the state’s 6.25% sales tax and local taxes of up to 3.5%.
Revenue from marijuana taxes, after covering the costs of running the state’s marijuana program, is allocated to various initiatives. 35% goes to the General Revenue Fund, 25% supports the Recover, Reinvest, and Renew (3R) Program, and 20% is directed to mental health services and substance abuse programs. An additional 10% is used to pay unpaid bills, another 10% is allocated to the Local Government Distributive Fund for law enforcement training and prevention efforts, and 2% funds public education and safety campaigns.
