There was $150 million in marijuana and marijuana products sold legally in Illinois in February.
According to the Illinois Cannabis Regulation Oversight Officer, there was $130.6 million in adult-use cannabis sold in February, with $103 million purchased by residents and $27 million by those living outside of Illinois. In addition, there was $19.7 million in medical marijuana sold in February, bringing the month’s total to $150.3.
Although the $150.3 million sold in February is a 6% drop from the $160 million sold in February 2024, prices are down over 10%, meaning the total amount of marijuana sold by weight is actually higher this year.
In February, the cost of both dried marijuana flower and concentrates reached an all-time low. Currently the cost of dried flower averages $8.40 per gram, down from the $9.41 average in February 2024 and down 50% from the $17 average in 2020. For concentrates, the cost is currently $49.83, down nearly 20% from the $62 average in February 2024, and down over 60% from the $124 average in 2020.
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.
