Wisconsin Residents Spent Over 1 Million On Marijuana At Illinois Retailers In 2022, Legislative Analysis Finds
Wisconsin residents purchased more than $121 million worth of marijuana from legal retailers in neighboring Illinois in 2022, contributing about $36 million in tax revenue to the state, according to a legislative analysis requested by a top Wisconsin senator. Senate Minority Leader Melissa Agard (D), who has sponsored legalization legislation in past sessions, asked the non-partisan Legislative Fiscal Bureau (LFB) to study just how much money was flowing from Wisconsin to Illinois in the form of out-of-state cannabis purchases. LFB released its findings last week, estimating $121.2 million in marijuana sales from Wisconsin residents last year. To come up with that figure, analysts looked at data from the Illinois Department of Financial and Professional Regulation (IDFPR), which disaggregates monthly in-state and out-of-state cannabis sales and also provides county-by-county breakdowns. LFB said that its estimates are based on the assumption that all out-of-state marijuana purchases in counties directly bordering Wisconsin came from Wisconsinites. Wisconsin’s out-dated marijuana laws are costing us so much more than $36 million – lives are being disrupted – but this is so upsetting to see Wisconsinites hard-earned tax dollars go to Illinois because WI GOP refuses to listen to the will of the people. https://t.co/TkqUEeOH8F — Senator Melissa Agard (@SenatorAgard) March 17, 2023 However, it pointed out that the actual numbers could be higher or lower based on a variety of factors, including the likely possibility that portions of out-of-state sales in the border counties came from people in other nearby states like Iowa or that Wisconsin residents could have paid for cannabis in Illinois counties that don’t directly border their state, such as Cook County where Chicago is located. Further, the analysis doesn’t account for potential sales in other adult-use states near Wisconsin like Michigan. Despite that margin of error, however, the report gives a basic…
Excerpt only …
READ MORE BELOW
Source : Wisconsin Residents Spent Over 1 Million On Marijuana At Illinois Retailers In 2022, Legislative Analysis Finds
reposted by Cannabis News World
You must log in to post a comment.