There was more than $176 million in legal marijuana sold in Illinois in December, bringing the total for 2024 to $2 billion.
Data released today by the Illinois Cannabis Regulation Oversight Officer shows that there was $153.2 million in recreational marijuana sold in December. When you combine this with the $23.5 million in medical marijuana sales, December’s total rises to a record-breaking $176.7 million, breaking the previous record of $172 million set in November.
Of the $176 million in marijuana sold in November, $120.8 million was purchased by those living in Illinois, with $32.5 million purchased by those living outside of the state.
In December, marijuana prices reached a new low for both flower and concentrates. The average cost per gram of dried flower is now $8.61, with concentrates now $52.21.
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.
