Jabba expects $170,000,000 year in sales tax from cannabis. Let’s see, at 11 mil a week, at PEAK demand, with lines that are hours long, and they ran out of supply, times 50 weeks is $572,000,000 in sales, and assuming, optimistically, 33% taxes that’s $190,000,000 in revenue. So yeah, maybe. But that assumes crazy, line out the door waiting every day, 7 days a week, 365 days a year to reach $500,000,000 in gross revenues, at the current stores. Sure they’re supposed to approve more dispensaries, but we’ll see, we’ll see. Everything seems too optimistic.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Jabba expects $170,000,000 year in sales tax from cannabis. Let’s see, at 11 mil a week, at PEAK demand, with lines that are hours long, and they ran out of supply, times 50 weeks is $572,000,000 in sales, and assuming, optimistically, 33% taxes that’s $190,000,000 in revenue. So yeah, maybe. But that assumes crazy, line out the door waiting every day, 7 days a week, 365 days a year to reach $500,000,000 in gross revenues, at the current stores. Sure they’re supposed to approve more dispensaries, but we’ll see, we’ll see. Everything seems too optimistic.