$US20Million in 12 days with an average of 41,000 transactions per day

$US20Million in 12 days with an average of 41,000 transactions per day

In the first twelve days of legalized cannabis use in Illinois, the state rendered 495,385 transactions, amounting to revenue from those sales of nearly 20 million dollars. Reports WSIL This chart gives a little more details The Department of Revenue expects to have a tax revenue estimate by the end of February, when initial tax payments from dispensaries are due. As part of the state’s focus on equity, 25-percent of cannabis sales tax revenues will support the Restore, Reinvest and Renew (R3) program, which aims to address the impact of economic disinvestment, violence and the historical overuse of the criminal justice system. “Illinois had a far more successful launch of cannabis than many of the other states that have legalized, but this is about more than money, it’s about starting a new industry in a way that includes communities left behind for far too long. Members of those communities will have the opportunity to apply for licenses to open a dispensary, become a craft grower or infuser, or transport product under the new law. Illinois is the only state in the country to take an equity-centric approach to the legalization of cannabis and I thank all those who worked hard…

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Source : CANNANNEW REPORT
Link to original : $US20Million in 12 days with an average of 41,000 transactions per day
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