Friday, July 11, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Illegal Marijuana in Illinois more profitable than legal marijuana

Graham Cooper by Graham Cooper
June 15, 2021
in Business, Featured
Share on FacebookShare on Twitter
33

One of the more interesting questions that inevitably comes from legalizing marijuana at a large scale is what happens to the stuff that had been sold illegally for decades. Does the market dissipate rapidly due to its lack of convenience, or remain steady because of zero taxation?

Some actual data has come out of Illinois describing what’s going on. This state has been killing it in marijuana sales ever since it legalized recreational marijuana last January, but the data shows that high taxes are causing some to turn back to the illicit market.

High estimates of legal sales this year are at $1.9 billion, which is staggering. However, that doesn’t reach the level of estimated illegal sales, which is projected at $2.2 billion.

Before taxes, the average legal eighth in the state costs around $60. It’s quite high, and much more so after taxes are included, bringing it up to $80. This is a steep hill to climb considering you can go illegal and pay just a little more than half that.

In the long run, it seems legal marijuana will eventually win out. A chart by New Frontier Data shows predictions for the legal market to overtake illegal weed by 2022.

But all of this depends on the pricing of the legal market. If taxes continue to be astronomical, the sharing of the demand may be even more elongated than the chart suggests.

Read the original at the Chicago Sun Times.

Visits: 668
Previous Post

NFL looking to weed for pain treatment

Next Post

New bill could more than triple the weed tax in Oregon

Graham Cooper

Graham Cooper

Next Post
New bill could more than triple the weed tax in Oregon

New bill could more than triple the weed tax in Oregon

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
New Jersey To Open Cannabis Lounge Applications In Coming Months

New Jersey To Open Cannabis Lounge Applications In Coming Months

March 5, 2025
Study Finds that Psychedelics Allow People  to Perceive Consciousness in More Parts of the World

Study Finds that Psychedelics Allow People to Perceive Consciousness in More Parts of the World

April 26, 2022
Ohio legalizes marijuana with a large majority and is immediately hit with backlash

Ohio legalizes marijuana with a large majority and is immediately hit with backlash

0
New Studies Show Increased Of Heart Disease If You Consume Cannabis

New Studies Show Increased Of Heart Disease If You Consume Cannabis

0
Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Latest News
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp