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Legalization

Illinois marijuana sales: Millions spent, but supply shortages cause some concern



One week ago recreational marijuana went on sale legally in Illinois. Has business been good? FULL STORY: …

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11 Comments

  1. THE IDIOTS OF THIS STATE ASSIGNED A PERCENT TAX NOT A FIXED DOLLAR!!!

    TOTAL MORONS!!!

    The supply "problem" is a complete lie. Growers grew only 10,000 lbs? Bogus. This is designed to keep prices really high, so that the state can get more $.

    But since the idiots assigned a percent, and since cannabis is a weed, the spot price per pound will eventually plummet.

    So, yes, for now, "they're" getting $5,000 per pound of weed. 10% of $5,000 is $500.

    When weed falls to nationwide averages, about $1,200 per pound, 10% of $1,200 is $120.

    Idiots.

    Smart and poor cities like North Chicago should charge $300 per pound. If NC sells just 100,000 pounds, the city would make $30,000,000. The annual budget is only $10,000,000.

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