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POT TAXES

While the latest total adult-use cannabis sales for Illinois for the month of August weren’t immediately available, the amount of taxes for the month is in. Data from the Illinois Department of Revenue show the state took in $19.2 million in cannabis taxes last month, which is $5.3 million more than collected in July and nearly double what was brought in back in January. That money is split several ways, including grants to nonprofits in certain areas. State taxes can be more than 40 percent, depending on the potency. Local governments that approved additional local taxes started collected up to 3 percent more beginning July 1

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