Tax revenue from cannabis is promising. Marijuana consultant firm, Quantum 9, reaches out to municipalities across Illinois. A municipality includes a city or town that has corporate status and local government. It is important for marijuana consultant companies to be in contact with these cities, especially as marijuana laws change.

cannabis and tax revenueConnections and Cannabis

As featured on Marijuana Business Daily, Michael Mayes of Quantum 9 makes connections with local officials over the phone. It is smart to make these connections over the phone as municipalities have a lot of say about where marijuana businesses can be. Cannabis and tax revenue go hand in hand, so these cities and towns should consider cannabis. So, many marijuana consultant firms promise jobs and tax revenues if the towns help approve cultivation businesses.

Cannabis and Tax Revenue in Illinois

Now that marijuana is legal for medical and recreational use in Illinois, let’s see how the tax revenue from cannabis looks. Well, Illinois made $52 million in the first six months since marijuana became legal. And this is only from the recreational program. This money can help Illinois with a lot of problems, which is why other states should consider legalizing marijuana.

So, where did this tax revenue go? Well, 25% of the tax revenue went towards community improvement. It is made to support communities that are impacted by the drug war. Also, municipalities are able to collect up to 3% in tax revenue from cannabis. All in all, the new flow of tax revenue is very important for Illinois towns and cities.

With that in mind, tax revenue and cannabis are promising. Contacting local officials is an important step in the process of marijuana legalization. A marijuana consulting firm, such as Quantum 9, helps make connections with these localities. All in all, the firm has success with marijuana business in Illinois. For more information about our consulting services click here.

Related Articles:

Making Moves in Illinois Cannabis

Illinois Medical Cannabis Cards

The Evolution of Marijuana in Illinois

 

 

Natalie Jachymiak

Author Natalie Jachymiak

Natalie is an author and marketing expert who covers topics related to business, policy, and licensing within the cannabis industry. She specializes in content creation, advertising, and public relations. She received her bachelor’s degree from the University of Illinois at Chicago majoring in Communications and Marketing.

More posts by Natalie Jachymiak

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