(WBBM NEWSRADIO) -- Those who buy legal marijuana from Illinois dispensaries are paying a lot more than those in other states.
Illinois has higher taxes – a 6.25% sales tax and an excise tax of up to 25% depending on the THC. Research by a company called Headset finds that the average cost is 89% higher than the rest of the country.
Michigan has a 10% excise tax and a 6% sales tax. The higher cost in Illinois is not hurting sales, though. The first six months of the year came in at more than $950 million.
The state is on pace to surpass last year’s record sales of $1.55 billion. Headset found that Illinois dispensaries have 118 brands. Michigan has about 800.
The sales figures put Illinois at number three, behind California and Michigan.
Related
Listen to our new podcast Looped In: Chicago
Listen to WBBM Newsradio now on Audacy!
Sign up and follow WBBM Newsradio
Facebook | Twitter | Instagram