Illinois Made Profit of $11 Million in Five Days after Cannabis Legalization

Illinois Made Profit of $11 Million in Five Days after Cannabis Legalization

On January 2, 2020, Illinois became the second state in the Midwest to allow legal purchase of marijuana products. Earlier, Michigan legalized the use and sale of cannabis for both medicinal and recreational purposes. Over 11,000 low-level cannabis offenders were granted amnesty the day before the marijuana legalization in Illinois.

Now any person who's 21 or older is allowed to buy and possess cannabis. Though just like in the other states have legalized marijuana, local jurisdictions can decide upon forbidding sales. Nearly 40 administrative divisions of Illinois have opted out.

Over 30 dispensaries got licenses and opened in the state of Illinois by the day of legalization. The good news for the state's budget is that the sales yielded almost $11 million in the first five days.

Pros and Cons of Legalization of Cannabis in Illinois

Those who support legalization claim that there are significant downsides of cannabis prohibition, such as too many unnecessary arrests throughout the US, especially arrests with racial undertones, the other problem is drug cartels benefiting from huge revenues in the black market.

According to opponents, legalization will raise the number of addicts who tend to use cannabis heavily, and that legalization will lead to consumption among those who previously neither smoked pot nor drank alcohol.

 

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