Illinois’ Department of Financial and Professional Regulation reported that the cash was generated from over 77,000 transactions. Key background: Illinois is the country’s sixth most populated state, according to Bloomberg, and bordered by states where marijuana is still illegal. Illinois’ legalization effort could push those states to follow suit with their own laws. According to analysts, illicit sales of marijuana in Illinois are expected to outpace legal sales through 2024. However, 30% of legal sales will go toward tax revenue for the state, while municipalities get 3%, according to Crain’s.

Source: Forbes January 02, 2020 21:11 UTC