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According to the website Headset, the average item price in
Illinois is currently 89% higher than the rest of the U.S.
market. With a tax of over 31%, only the state of Washington is
higher.
"Illinois’ average item price is 46% higher at $33.82 than the
second highest Massachusetts and has a 36% higher price per gram
ahead of Nevada," the report found.
Amanda Reiman with the marijuana analytics company New Frontier
Data said if Illinois lowered the taxes on cannabis, it may
attract more sales and keep their core consumers.
“I want these consumers especially to be using the regulated
market because they’re spending more and they’re buying more
than somebody who is maybe buying once or twice a year,” Reiman
told The Center Square.
The state of Illinois made $445 million in tax revenue from the
sale of legal marijuana in the last fiscal year.
Despite having the third largest retail market in the country,
Illinois is last when it comes to the number of cannabis brands
available. There are just 118 brands in the Illinois market,
compared to nearly 1,400 in California and 800 in Michigan.
“If I am somebody who is purchasing in the state of Illinois,
and I don’t want to pay the high taxes, then my choice is either
going to be an illicit market that might not have the same
quality or the same options, or it is going to be to drive to a
nearby state,” Reiman said.
Michigan, Missouri and Minnesota now allow recreational cannabis
sales.
A report showed that pot smokers from Wisconsin accounted for an
estimated $36 million in tax revenue on marijuana purchased in
Illinois. Despite the high prices, Wisconsin residents spent
$121 million on weed in Illinois in 2022.
One Wisconsin lawmaker is tired of seeing tax revenue go over
the border.
“Over a decade ago, I introduced the first piece of legislation
to fully legalize cannabis for responsible usage in Wisconsin,
and it is shameful that now our state stands as an island of
prohibition. Every day that we fail to legalize is one more day
that we are less safe, less equitable, and less prosperous than
our neighboring states,” state Sen. Melissa Agard said in a
written statement to The Center Square.
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