Illinois to Record $1 Billion Marijuana Sales by Year's End, Surpassing Liquor

Illinois is set to record more than $1 billion in sales of adult-use marijuana products this year, with first quarter cannabis tax revenue already surpassing that of alcohol.

The state of Illinois, whose lawmakers are eyeing bankruptcy options amid a huge budget deficit, generated more than $86 million from adult-use marijuana tax revenue between January and March 2021. Illinois received $72 million in revenue from liquor sales. The state has repeatedly broken its own monthly weed sales records, with both in- and out-of-state adult sales hitting $28 million in March...