CHICAGO (WREX) — In the first twelve days of legalized cannabis use in Illinois, recreational sales reached close to 20 million dollars.
The Illinois Department of Federal and Professional Regulation says dispensaries across the state rendered more than 495,000 transactions over the five-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.
"Illinois had a far more successful launch of cannabis than many of the other states that have legalized, but this is about more than money, it’s about starting a new industry in a way that includes communities left behind for far too long. Members of those communities will have the opportunity to apply for licenses to open a dispensary, become a craft grower or infuser, or transport product under the new law. Illinois is the only state in the country to take an equity-centric approach to the legalization of cannabis and I thank all those who worked hard to make the launch a success," said Toi Hutchinson, Senior Advisor to Gov. Pritzker for cannabis control.
Rockford's only adult-use dispensary, Sunnyside Dispensary, was forced to close early during the first few days and be closed another full day to give employees a day off due to how busy the dispensary has been.
The dispensary also posted on their Facebook page they've been running out of select product due to high demand.