The Illinois cannabis market has been doing phenomenal after topping 1 billion in sales during the tumultuous year of 2020. It is projected to continue growing in the next couple years. Monthly sales have been steadily outperforming the previous month’s sales.
Medical Use: Yes
Adult Use: Yes
There is currently a cap on dispensary and cultivation licenses. This inhibits more business from entering the market.
The cultivation and retail licenses are very expensive along with the annual fees.
The competition in Illinois is very strong for the cannabis industry.
The taxes are rather high. Different types of cannabis products receive different taxes.
Illinois Cannabis Details
222.5 sq. miles
2020 Medical Sales
2022 Projected Medical Sales
2020 Adult Use Sales
NA Projected Adult Use Sales
Illinois Medical Cannabis Pilot Program
# of Dispensaries (allowed/issued)
# of Cultivators (allowed/issued)
# of Manufacturers (allowed/issued)
Must be tied to cultivation
# of Testing Labs (allowed/issued)
No – Illinois residents will get priority
Combined Tax Rate
Retail Sales Tax
Greater than 35% THC – 25% | 35% or Less THC Products – 10%
Local Sales Tax
Up to 3%
State Sales Tax
Licensing Fees (per year)
*Varies based on gross revenue