The Illinois Department of Revenue has revealed that the Buckeye State generated over $2 billion in legal cannabis sales and almost $500m in tax revenue last year. Illinois legalized recreational cannabis use on January 1, 2020, becoming the 11th state to allow adult-use cannabis and the first state to legalize the controversial drug via a state legislature instead of a ballot initiative.
This boom in cannabis sales registered in Illinois will likely be celebrated by the entire marijuana industry, including companies like Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) since any success registered by any…
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