Pritzker Administration Announces Sales Figures for First Days of Adult Use Cannabis

The Illinois Department of Financial and Professional Regulation has announced that statewide adult-use cannabis sales from Wednesday, January 1 through Sunday, January 12 totaled $19, 709, 35.10. Dispensaries across the state rendered 495,385 transactions over the twelve-day period. 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. The Department of Revenue expects to have a tax revenue estimate by the end of February, when initial tax payments from dispensaries are due. On Tuesday, January 7, the Illinois Department of Agriculture opened the application process for Cannabis Infuser, Transporter and Craft Grower licenses, including social equity applicants. The applications are available on the Department’s website here.  IDOA will begin accepting completed applications on Friday, February 14 and all Cannabis Infuser, Transporter and Craft Grower applications must be submitted by 5 p.m. CST on Monday, March 16, 2020. Licenses will be awarded to applicants by July 1, 2020. Social equity applicants will receive additional points on their application and will have access to technical assistance, grants, informational workshops, low-interest loans and fee reductions and waivers. Additional information about the timing and location of workshops will be available in the coming weeks.

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