Cannabis tax revenue a windfall

Illinois adult-use cannabis sales have totaled at least $20 million within a few weeks of sales.For cities and towns in the state, including Peoria, East Peoria, Canton and Springfield, sales at local dispensaries equate to a new funding tool.Unanimously, those cities have imposed a 3% sales tax on recreational sales in the state, the highest possible under state law. Counties that have made a decision on cannabis taxes also uniformly levy a 3.75% tax on sales made in […]